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Energy

Iraq begins nationwide production shutdowns

With exports halted by war, Iraq has limited options to keep fields operating and has begun taking millions of barrels of daily production offline.
Oil Minister Hayyan Abdulghani (center) meets with his deputies to plan for production cuts in anticipation of a shutdown in southern oil exports on March 2, 2026. (Photo credit: Oil Ministry)

New leadership for SOMO

Khudair Abbas replaces Ammar al-Anbagi as the head of Iraq's state oil marketing company.

April oil exports dip slightly

Iraq's crude sales have been constrained by OPEC-plus quotas but revenues remain high due to global oil price strength.