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Oil prices likely to go higher as IOCs quit Russia: Experts

International oil majors have been exiting investments in Russia following the country’s invasion of Ukraine

Oil giants have been exiting their investments in Russia after the country initiated military action in Ukraine. The conflict has caused oil prices to soar as fears have increased regarding supply shortages. The exit from international oil firms is likely to cause prices to continue to rise, experts said. “Oil giants are mostly falling in […]

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Halliburton in talks to purchase Iraq oil field stake from Exxon

Should the talks fail, Iraq will instead purchase the stake

Halliburton is currently in talks with Exxon Mobile to purchase the oil firm’s stake in the West Qurna-1 field in southern Iraq, the country’s oil minister said Monday, Bloomberg earlier reported. Should the talks fail, Iraq will instead purchase the stake, Oil Minister Ihsan Abdul Jabbar added, building on comments from a few days earlier […]