Basrah Oil Co. is leading Iraq’s charge to ramp up Mediterranean exports, broadening its market footprint and fortifying the nation’s energy sector in response to soaring global demand, according to Energy Intelligence

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Basrah Oil Co. is leading Iraq’s charge to ramp up Mediterranean exports, broadening its market footprint and fortifying the nation’s energy sector in response to soaring global demand, according to Energy Intelligence

Middle East crude benchmarks Oman and Dubai surged this week, buoyed by tightening supply. At the same time, Saudi Arabia lowered its March Arab Light official selling price to Asia, hinting at a cautious stance in the regional oil market