Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. The group ...

The Herald has been awash recently with reports of the largesse being poured into Central Belt bodies by a parliament sited in Edinburgh ...

By Newsbase Iraq is in the final stages of negotiating its first-ever purchase of LNG supplies as power outages hamper the ...

Excelerate Energy rises as Bloomberg reports Iraq's government is in advanced talks to facilitate the country's first-ever LNG imports, seeking to cut dependence on Iran for supplies.

Iraq, OPEC's second-biggest oil producer, doesn't have enough gas to operate its mostly gas-fired power plants and suffers from crippling blackouts every summer when demand peaks.

A Texas-based company is among the bidders to help Iraq establish its first-ever LNG import infrastructure as the country ...

Iraq Says US Company Among Bidders as It Plans First LNG Imports Iraq is in advanced talks with Excelerate Energy Inc. to facilitate its first-ever liquefied natural gas imports as the country, which ...

Excelerate Energy is one of the bidders in a tender to set up a floating liquefied natural gas (LNG) import station in southern Iraq.

A scheduled mid-July meeting of state and federal ministers to sign off on the plan to use imported LNG will no longer go ahead.

Oil futures declined and U.S. stock indexes rose despite fears Iran will close the Strait of Hormuz, a key waterway for transporting oil around the world.