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LN24 > Blog > international oil trade
25
Jun

Iraq Warns It Could Exit OPEC if Production Quota Is Not Increased

  • LN24 / 3 weeks
  • 0
  • 4 min read

Baghdad Pushes for Higher Oil Output Amid Growing Frustration Iraq is considering all available options, including a potential withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), if the group fails to increase the country’s oil production quota, according to Iraqi officials familiar with the matter. The warning marks one of the strongest signals […]

17
Mar

Thailand Turns to Russian Crude as Diesel Prices Set to Rise

  • LN24 / 4 months
  • 0
  • 3 min read

Thailand is seeking to increase imports of Russian crude oil as domestic diesel prices are expected to climb, underscoring the growing strain on global energy markets amid ongoing geopolitical tensions. The move reflects a broader shift among energy-importing nations scrambling to secure stable and affordable fuel supplies as disruptions ripple across global oil trade routes. […]