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Iraq

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  • SINGAPORE, April 1- A backlog of over 30 oil tankers has built up outside the Iraqi port of Basra and shippers face lengthy delays of up to three weeks to load oil because of bad weather and possible oil quality issues, shipping industry sources said. The problems could delay or limit the number of oil export cargoes from Basra in April, potentially pushing down...

  • BAGHDAD, March 31- Iraqi troops aided by Shi'ite paramilitaries and Sunni tribal fighters have reached the center of Tikrit after securing the Sunni city's southern and western sections from Islamic State militants, Prime Minister Haidar al-Abadi said on Tuesday. "Our security forces have reached the center of Tikrit and they have liberated the southern and...

  • IRAQI PM'S SPOKESMAN SAYS SECURITY FORCES HAVE LIBERATED WESTERN AND SOUTHERN TIKRIT AND REACHED THE CENTRE OF THE CITY.

  • *FACTBOX on Iran oil sanctions. DUBAI/ NEW DELHI/ HONG KONG, March 31- A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. Under sanctions Iran became adept at offering discounts, easy credit and free shipping to keep in the game, recalling...

  • *Ukraine wants bondholders to accept debt writedown. *Entire IMF-led bailout for Ukraine at risk. Moscow bought the bonds from Kiev before a pro-Russian president was forced from power early last year, opening a rift which widened with the annexation of Crimea and a separatist rebellion in eastern Ukraine.

  • INTERVIEW-Iraq oil minister sees $70 crude by end 2015 Thursday, 26 Mar 2015 | 3:33 PM ET

    BAGHDAD, March 26- Iraq's Oil Minister Adel Abdel Mehdi predicted world oil prices could reach $70 a barrel by the end of 2015 and played down the impact of the emerging conflict in Yemen on prices. A global slump in oil prices has slashed government revenue in Iraq, prompting the OPEC producer to renegotiate contracts with oil majors as it faces a costly military...

  • *Ukraine wants bondholders to accept debt writedown. LONDON, March 26- A legal conundrum is threatening plans to ease Ukraine's debt burden and possibly its entire $40 billion IMF-led bailout: should a $3 billion Eurobond held by Russia be classed as commercial paper, or as bilateral sovereign debt? Moscow bought the bonds from Kiev before a pro-Russian...

  • DUBAI, March 26- Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, in a push by the world's top oil exporter to check Iranian influence in its backyard. Most of the crude exported from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq-- together with nearly all the liquefied natural...

  • SINGAPORE, March 26- Gold extended gains to a seventh session on Thursday in its longest winning streak since 2012 as soft U.S. data boosted expectations the Federal Reserve would keep interest rates low for the time being. Spot gold rose 0.8 percent to $1,204.20 an ounce by 0739 GMT, after earlier hitting $1,204.60, its highest since March 5.

  • DUBAI, March 26- The financial damage to Iraq's mobile phone operators from the war against Islamist militants is likely to worsen in 2015, but the recent launch of long-awaited 3 G services in government-controlled areas should soften the blow. Islamic State, which controls swathes of northern and western Iraq, has destroyed transmitter towers in its...

  • *Gold briefly touches $1,200- an-ounce level. SINGAPORE, March 26- Gold extended gains to a seventh session on Thursday in its longest winning streak since 2012 as soft U.S. data boosted expectations the Federal Reserve would keep interest rates low for the time being. Spot gold rose 0.3 percent to $1,199.30 an ounce by 0306 GMT.

  • Yemen on brink of civil war, reports leader fled Wednesday, 25 Mar 2015 | 4:28 PM ET
    Southern People's Resistance militants loyal to Yemen's President Abd-Rabbu Mansour Hadi move tanks from the al-Anad air base in the country's southern province of Lahej March 24, 2015.

    Houthi forces closed in on Yemen's president's home as reports surfaced that he may have fled, the NYT reports.

  • March 25- Oil and gas producers Hess Corp and Ireland's Petroceltic International Plc agreed to pull out of the Dinarta license in Iraqi Kurdistan due to the fall in oil prices and disappointing well results, Petroceltic said. Petroceltic's London- listed shares fell as much as 5.5 percent in morning trade. Petroceltic, which owns 16 percent of the venture, said...

  • BAGHDAD— Iraq's oil exports for last month were below planned levels, the country's Oil Ministry said Wednesday, depriving the nation of badly needed funds for its battle against the Islamic state group. Iraq's 2015 budget is based on an expected price of $56 per barrel with a daily export capacity of 3.3 million. Since the Islamic State group launched its blitz...

  • CNBC update: Stronger pot   Monday, 23 Mar 2015 | 11:33 AM ET
    CNBC update: Stronger pot

    Ted Cruz has announced his presidential run, and a study shows marijuana is 3 times stronger today than it was 30 years ago, reports CNBC's Sue Herera.

  • Kudlow: Why is US trying to do business with Iran? Friday, 20 Mar 2015 | 9:48 PM ET
    U.S. Secretary of State John Kerry (L), Iranian Foreign Minister Javad Zarif (R) and EU envoy Catherine Ashton pose for photographers before a meeting in Vienna November 22, 2014.

    Retired Gen. Petraeus joined Netanyahu in saying it is Iran, not ISIS, that is the real enemy. So why is the US trying to do business with Iran?

  • ISIS: The richest terror group, spending too fast Friday, 20 Mar 2015 | 11:17 AM ET
    ISIS fighters on parade

    An analysis shows ISIS is the world's richest terror group, owing to a nearly $400 million raid on an Iraqi bank in 2014, NBC reports.

  • SINGAPORE, March 20- U.S. crude futures eased slightly on Friday but stayed near $44 a barrel, dragged down by renewed concerns about oversupply after Kuwait's oil minister said OPEC had no choice but to maintain production levels. *U.S. crude for April delivery had fallen 5 cents to $43.91 a barrel by 0039 GMT on Friday after settling down 70 cents in the previous...

  • SINGAPORE, March 19- Iraq has notified its exploration partners that it plans to start splitting its southern Basra oil production into two grades due to quality differences, and offer a heavier type of crude from May onwards, sources with knowledge of the matter said on Thursday. Holders of technical service contracts include Lukoil, Petronas, CNPC, CNOOC, BP,...

  • SINGAPORE, March 17- U.S. crude futures held below $44 a barrel on Tuesday on concerns U.S. crude stockpiles could hit a record high for a tenth straight week, while Libya and Iran may add to output in an already oversupplied market. *U.S. crude for April delivery was unchanged at $43.88 a barrel as of 0033 GMT after it closed down 96 cents in the previous session, having...