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  • Call them Islamic extremists Thursday, 26 Feb 2015 | 2:34 PM ET
    In this image made from video posted on a social media account affiliated with the Islamic State group on Thursday, Feb. 26, 2015, which has been verified and is consistent with other AP reporting, militants attack ancient artifacts with sledgehammers in the Ninevah Museum in Mosul, Iraq.

    The US needs to stop tiptoeing around religious sensitivity when it comes to terrorist acts in the name of Islam, says David Phillips.

  • DUBAI, United Arab Emirates— The Middle East's biggest airline, Emirates, said on Tuesday that it plans to resume flights to Baghdad after halting them last month when an incoming passenger plane came under fire. FlyDubai said it resumed Baghdad flights on Sunday, following a Feb. 12 decision by Emirati aviation authorities to lift a ban on Baghdad flights.

  • NEW YORK, Feb 17- Crude oil futures fell on Tuesday as concerns about weak demand as a result of uncertainty in Europe outweighed worries about threats to Middle East production and the effect of U.S. output cuts. "Growing concerns about whether a cease-fire will hold and Greece's problems have got people worried about demand for oil in a shaky European economy,"...

  • LONDON, Feb 17- Oil slipped below $61 a barrel on Tuesday, dragged lower by weakness in some other commodity markets, although threats to Middle East crude supplies and expectations lower prices may prompt a slowdown in U.S. output limited the fall. "I think it all started in silver with squeezing out of long positions, then spilled over to gold and then to oil," said...

  • LONDON, Feb 17- Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to...

  • UPDATE 3-Oil rises to $62, close to 2015 high Tuesday, 17 Feb 2015 | 5:07 AM ET

    LONDON, Feb 17- Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to...

  • *Oil prices firm on supply concern in Libya, Kurdistan. TOKYO, Feb 17- U.S. stock futures and many share markets in Asia retreated on Tuesday after talks between Greece and euro zone finance ministers broke down in acrimony, stoking fresh uncertainty over a bailout programme that Athens has rejected as "absurd". Dutch Finance Minister Jeroen Dijsselbloem, who...

  • TOKYO, Feb 17- U.S. crude futures were steady on Tuesday as gains in the dollar following the collapse of Greek debt talks offset supply concerns stoked by growing violence in Libya and uncertainty over exports from Kurdistan. *NYMEX crude for March delivery was down 1 cent at $52.77 a barrel by 0015 GMT, off a one-week high of $53.69 hit on Monday.

  • *Egypt bombs Islamic State targets in Libya. LONDON/ NEW YORK, Feb 16- Oil prices were little changed on Monday after touching their highest nearly two months, as gains in the dollar following the collapse of Greek debt talks offset growing violence in Libya and concerns over exports from Kurdistan. Egypt bombed Islamic State targets inside Libya on Monday and...

  • *Egypt bombs Islamic State targets in Libya. LONDON/ NEW YORK, Feb 16- Oil prices rose to their highest in nearly two months on Monday, supported by concerns over escalating conflict with Islamic State militants in Libya and a threat to withhold exports from Iraq's semi-autonomous Kurdish region. Egypt bombed Islamic State targets inside Libya on Monday and...

  • Iraqis must be patient on economy, prime minister says Thursday, 12 Feb 2015 | 9:36 AM ET

    BAGHDAD, Feb 12- Iraq's prime minister called on Thursday for "patience" while the government implements economic reforms that include restructuring of many state-owned companies, saying the plan would deliver growth and development. Haider al-Abadi, who took office in September after Islamic State militants seized control of large parts of north and west...

  • Jordan moves thousands of troops to Iraq border Tuesday, 10 Feb 2015 | 11:11 AM ET
    A Jordanian soldier on patrol in Amman, Jordan on Feb. 10, 2015. Jordan moves thousands of troops to Iraq border.

    Jordan deployed "thousands" of troops to the border with Iraq in a campaign against ISIS militants who set a pilot ablaze. NBC News reports.

  • Feb 10- Canada's Talisman Energy Inc, which in December agreed to be bought by Spanish peer Repsol, reported a bigger quarterly loss after it wrote down the value of some assets by about $1.37 billion amid a steep fall in crude prices. A 50 percent fall in oil prices since June has dented the value of a number of fields, prompting companies such as Britain's BG Group...

  • What the US needs to do to defeat ISIS Wednesday, 4 Feb 2015 | 2:34 PM ET
    Members of the Iraqi Kurdish forces stand at the Khubbaz oil field, some 25 km west of the northern city of Kirkuk, as smoke billows in the background on February 2, 2015, a fews days after Peshmerga forces and police retook the area from Islamic State (IS) group.

    If the US is serious about defeating ISIS, it needs to arm the Kurds—or this is going to wind up in US boots on the ground, says David Phillips.

  • HOUSTON, Feb 1- Union workers took to picket lines on Sunday after strikes were called at nine U.S. refineries and chemical plants in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted talks after the union rejected a fifth...

  • HOUSTON, Jan 31- Union leaders and oil companies were unable to agree on a new labor accord on Saturday for workers at 63 U.S. refineries as a deadline passed that could lead to a strike. Royal Dutch Shell Plc, the lead negotiator for U.S. refinery owners, has said it does not comment on details of labor negotiations. "We remain committed to resolving our differences...

  • *OPEC increases January output to 30.37 bpd- survey. The late-session surge was primed by Baker Hughes data showing the number of rigs drilling for oil in the United States fell by 94- or 7 percent- this week. Brent settled up $3.86 at $52.99 a barrel, after running to as high as $53.08.

  • ISIS & Kirkuk threat hit oil  Friday, 30 Jan 2015 | 2:43 PM ET

    John Kilduff, Founding Partner; CNBC Analyst, Again Capital, says rumors of ISIS on the move and a threat to Kirkuk in Iraq pushed oil higher on the day. If the rumors prove to be false, he says, oil will fall back.

  • *OPEC increases January output to 30.37 bpd- survey. NEW YORK, Jan 30- Oil rose on Friday as concerns over fighting in Iraq extended short covering from the previous session, but crude prices were still poised for a seventh month of declines, the longest rout on record. Crude was up in early trading Friday in New York on renewed violence in oil producer Iraq, where...

  • *OPEC increases Jan. output to 30.37 bpd- Reuters survey. LONDON, Jan 30- Oil fell below $49 a barrel on Friday and was on course for its seventh straight month of declines, the longest such bear run on record as a supply glut showed no signs of easing with OPEC increasing production in January. Benchmark Brent crude prices have kept within a band of $45- $50 a barrel since...