Crude oil prices were set to end the week with yet another increase, extending a three-week string of gains amid expectations that the latest round of U.S. sanctions against Russia would affect global supply.
Bassem Abdul Karim, director general of state-run BOC, said Iraq’s oil ministry and Halliburton are expected to sign a confidentiality agreement in the coming days, after which Iraq will provide Halliburton with data on the Nahr Bin Omar field and its installations.
Curious Minds Corner
What is the deepest oil well ever drilled, and how deep is it?
The Z-44 Chayvo well in Russia is the deepest oil well, reaching a depth of 40,604 feet (12,376 meters)