The Iraqi government and Kurdistan authorities put together a deal that could see the Kurds resume oil exports to Iraq in return for a revision of the Iraqi 2013 budget.» Read More
NEW DELHI/ SEOUL, May 21- India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new U.S. waiver next month on sanctions targeting oil trade with Iran.
WASHINGTON- Two senior White House aides knew weeks ago that a probe of the Internal Revenue Service had found that the U.S. tax agency had inappropriately targeted conservative groups, but did not tell President Barack Obama, a White House spokesman said on Monday.
*Fresh conflict in Syria supports prices. Reports of fresh skirmishes in Syria suggest the civil conflict is at this year's peak, triggering fears it may spread to neighbouring key oil producers, while a weakening dollar added to the support.
NEW DELHI- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, although a strong dollar limited gains in oil prices.
NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that boosted U.S. equities, although a strong dollar limited gains in oil prices.
*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil climbed towards $105 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rise.
*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil edged above $104 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rebound.
NEW YORK, May 16- The big four U.S. broadcast networks, in need of new TV hits to turn around slumping ratings, are betting espionage programs and old comedy stars will convince advertisers to spend about $9 billion during the so-called upfront selling season.
Just six months after a heady re-election, President Obama's second-term dreams have collided with second-term reality: scandals and foreign setbacks. The NYT reports.
SINGAPORE, May 16- U.S. crude futures slipped towards $94 a barrel on Thursday as rising U.S. gasoline stocks weighed on sentiment, but prices were buoyed as talks between the United Nations' nuclear agency and Iran stalled. U.S. crude had fallen 18 cents to $94.12 a barrel by 0300 GMT, after ending 9 cents higher to snap four sessions of losses.
Russian spies still operate in the U.S. and American ones in Russia. On Tuesday, Russia's security services said they had caught a U.S. diplomat who they claim is a CIA official trying to recruit a Russian agent. She has stayed in the limelight since her deportation to Russia, hosting a reality TV show, modeling lingerie and becoming the face of a Moscow bank.
KUWAIT, May 15- Kuwait's state-owned Kuwait Airways has picked Airbus to provide new jets because its proposal was the best value for money, the country's transport minister was quoted as saying on Wednesday.
*Tokyo sarin attack provides hints for Syria investigation. *Western powers say evidence of use by Syria in mounting. In Syria, about two months have passed since the first allegations of sarin use arose on March 19, when rebels and government forces blamed each other for an attack in Aleppo province in which dozens are said to have been killed.
NEW YORK, May 14- Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season.
Attorney General Eric Holder was likely to face a storm of questions on Tuesday over the Justice Department's controversial decision to seize telephone records of the Associated Press, a move denounced by critics as a gross intrusion into freedom of the press.
ANKARA, May 14- A Turkish firm is partnering with the Kurdistan Regional Government and Exxon Mobil to carry out oil exploration in northern Iraq, Turkey's prime minister said on Tuesday, taking Turkey's cooperation with Iraqi Kurds on energy one step further.
Two contestants are from civil war-ravaged Syria, including a singer-composer whose bus was ambushed by gunmen en route to her audition and a music student who brought judges to tears with a song lamenting the devastation of his hometown of Aleppo.
*China oil demand falls in April to eight-month low. LONDON, May 13- Crude prices fell to $103 a barrel on Monday weighed by a stronger dollar and a drop to an eight-month low in oil demand in the world's second-largest consumer China. "The economic data in China is not yet providing upward support.
The proposal calls for state-owned Kuwait Airways to buy 25 new Airbus jets and to lease a further 13 to upgrade its fleet but needs government approval, the source said. In August 2007, Kuwait Airways cancelled an order for 19 passenger planes worth $3 billion from local lessor Alafco after failing to get government approval.