Skip to content
Back to Guavy Wire
Commodities

Iraq's Oil Minister Alters Course on Gasoline Shortage

Instruments
Oil
Share

Iraq's Oil Minister Bassem al-Abadi announced that measures are being taken to address a temporary shortage of gasoline in the country. According to al-Abadi, operational teams are working around the clock to secure citizens' needs for petroleum products.

The minister stated that additional shipments of gasoline will arrive soon, which will help stabilize supplies and meet domestic demand. He emphasized that the Oil Ministry is continuously monitoring supply and distribution movements to ensure stability in the local market.

Al-Abadi also highlighted the progress made by the ministry in developing the oil sector during the government's first 100 days. The minister reported that crude oil exports have increased from around 250,000 barrels per day when the government was tasked with forming, to exceeding 3 million barrels per day.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc