Saturday, August 9, 2025
Operations resume at Iraq's Nassiriya oilfield- oil and gas 360

Operations resume at Iraq’s Nassiriya oilfield

Reuters BASRA, Iraq – Operations resumed at Iraq’s southern Nassiriya oilfield on Monday, the oil ministry said, but it will take up to two days for output to be fully restored, two oil sources said. Protesters broke into the oilfield, which produces 80,000-85,000 barrels of oil per day, on Saturday and forced employees to cut off electricity from its control

Hedge funds stay bullish on oil amid trade truce, OPEC+ cuts- oil and gas 360

Hedge funds stay bullish on oil amid trade truce, OPEC+ cuts

Houston Chronicle Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May. Their net-bullish wagers on Brent crude climbed for the ninth week in 10, reaching a seven-month high, data released Friday show. The U.S.-China trade truce and OPEC’s commitment to deeper cuts have pushed futures to their highest since