The EIA revealed on Sunday that Iraq was the second-largest oil supplier to the United States during the last week.

Prices climbed on Monday as hopes grew that a pause on US-China tariffs could also be extended, easing fears of economic disruption that might otherwise dampen fuel demand.

US crude inventories fell 3.9 million barrels last week, but conflicting data and builds in gasoline and distillates left markets rattled and oil prices falling.

The EIA revealed on Sunday that Iraq’s weekly oil exports to the United States significantly increased during the last week.

The United States Oil Fund (USO) held steady above the support around $74.50 on Thursday; holding the gains recorded in the previous session. However, it remained below the short-term 20-day EMA for the second consecutive session amid uncertainties in the broader financial market.

Located 120 kilometers off the Louisiana coast and launched in May 2022, Ballymore has a total daily gross production capacity of 75,000 barrels of oil per day and 50 million cubic feet of gas per ...

Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.