Saudi Arabia Adds Half a Bakken to Crude Market in a Month

Saudi Arabia boosted crude production to the highest in three decades in March, with a surge equal to half the daily output of the Bakken formation in North Dakota.

Iraq Follows Saudi Cuts as Brent Slides to 4-Year Low

Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009 as it follows Saudi Arabia and Iran in cutting prices amid a slump in Brent futures to the lowest in almost four years.

Crude Records Year’s Biggest Weekly Gain on Iraq Unrest

West Texas Intermediate and Brent crudes charted the biggest weekly gains this year as Islamist fighters extended their advance in Iraq, triggering concern of a return to civil war. Futures in New York climbed 4.1 percent this week while they added 4.4 percent in London.

Iraq to Boost Oil Output This Year as Asian Demand Strengthens

Iraq, OPEC’s second-largest oil producer, reiterated plans to boost crude output and exports by the end of the year as demand from Asian buyers strengthens.

Iraq offers 3 discovered oil blocks to India

NEW DELHI: Iraq has offered three discovered oil blocks to India and agreed to meet country's growing energy demand by raising crude oil supplies, oil minister Veerappa Moily said.