CNBC's Jackie DeAngelis reports oil prices are losing ground and gasoline futures are down about 8 percent in the last month, the biggest drop this year.» Read More
TOKYO, July 31- U.S. crude oil futures fell under $100 in early Thursday trade, putting the contract on course for its steepest monthly slide in nine months, as concerns over weak demand rose while fears over supply shortages in the Middle East and North Africa waned.
NEW YORK, July 30- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, appears to be the mystery American buyer of two cargoes of Kurdish crude delivered in May, according to U.S. government data and industry sources.
BAGHDAD— European airlines and a Dubai- based carrier are rerouting flights over Iraqi airspace as a security precaution amid fears that militants with the Islamic State group have weapons capable of shooting down planes, despite Iraq saying its skies are safe.
ISTANBUL/ LONDON, July 30- Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the autonomous region's pipeline to the Mediterranean has been shut for the past week.
WASHINGTON, July 30- The U.S. State Department has approved the sale of 5,000 Hellfire missiles to Iraq as Baghdad tries to fend off militant Islamist forces. Iraq had requested 5,000 of the air-to-ground missiles, which are manufactured by Lockheed Martin Corp and enable helicopters to battle tanks and other armored vehicles.
That could hinder OPEC's ability to boost output later in the year, when the International Energy Agency expects demand for OPEC crude to rise. Outages in the group, such as in Iraq and Libya, are effectively helping OPEC to balance the market, rather than voluntary cutbacks, say analysts.
HOUSTON, July 29- A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.
HOUSTON/ BAGHDAD, July 29- Iraq scrambled to gain control of a cargo of Kurdish oil worth $100 million off the Texas coast on Tuesday after the U.S. ordered its seizure in a bid by Baghdad to halt oil sales by the autonomous region of Kurdistan.
FORT WORTH, Texas— The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a Sunni military offensive.
HOUSTON/ LONDON, July 29- U.S. authorities were set on Tuesday to seize a cargo of crude worth more than $100 million from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq's central government and the autonomous region.
HOUSTON, July 29- Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. But Iraq's central government, in a court filing on Monday, laid claim to the cargo that it says was sold by the regional government of Kurdistan without permission from Baghdad, which has said such deals amount to smuggling.
HOUSTON, July 28- Iraq filed suit on Monday in a Texas court to gain control of a cargo of crude oil from Iraqi Kurdistan that Baghdad says was sold without its permission. Iraq, in its filing in U.S. District Court for the Southern District of Texas, asked for an order allowing the cargo to be seized by the U.S.
HOUSTON, July 28- AET Offshore Services, a company in Texas hired to unload a tanker full of crude oil from Iraqi Kurdistan, said in a court filing on Monday the Republic of Iraq has laid claim to the cargo. AET, before starting to unload the ship, asked a federal district court in Texas to determine whether Iraq's claim was valid.
UNITED NATIONS— The U.N. Security Council strongly condemned any sale of oil from Syria or Iraq by terrorist groups and reminded all countries that buying the illegally obtained oil violates U.N. sanctions.
CNBC's Michelle Caruso-Cabrera reports a tanker carrying crude oil from Iraq's Kurdistan region was cleared by the U.S. Coast Guard to unload in Texas.
HOUSTON, July 27- A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude.
The Marshall Islands- flagged tanker United Kalavrvta sailed from the Turkish port of Ceyhan in June bound for the U.S. Gulf Coast despite Washington's concerns over independent oil sales from the autonomous region and threats from the Iraqi central government.
HOUSTON, July 26- A tanker carrying crude oil from Iraqi Kurdistan is hours away from the Port of Galveston in Texas, according to Reuters ship tracking data and the U.S. Coast Guard, its arrival imminent despite Washington's concerns about independent oil sales from the autonomous region.
U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.
*Washington has concerns about Kurdish sales, Iraq split. A sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees such deals as smuggling, and raises questions about Washington's commitment to preventing oil sales from the autonomous region.