Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.» Read More
LONDON, March 5- Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.
BASRA, Iraq, March 1- Oil exports from Iraq rose to a record 2.8 million barrels per day on average in February, Deputy Prime Minister for energy Hussain al-Shahristani told reporters on Saturday.
LONDON, Feb 28- OPEC's oil output has risen further in February from December's 2-1/ 2- year low, due to more shipments from Iraq and Angola, and further upward creep in Iranian exports, a Reuters survey found on Friday.
TOKYO, Feb 26- U.S. crude oil edged up early on Wednesday after falling the previous day when industry data showed a build up in U.S. crude stockpiles and renewed economic worries in China. *U.S. crude futures for April delivery rose 22 cents to $102.05 a barrel by 0020 GMT, after finishing 99 cents lower on Tuesday.
Senator John McCain said on Tuesday a proposed agreement to sell 24 Apache attack helicopters to Iraq should be reconsidered because of a Reuters report that Iran has signed a deal to sell Iraq arms and ammunition worth $195 million.
Senator John McCain said on Tuesday a proposed agreement to sell 24 Apache attack helicopters to Iraq should be reconsidered because of a report that Iran has signed a deal to sell Iraq arms and ammunition worth $195 million. Members of Congress have until Feb. 26 to hold up the Apache sale.
Eni CEO had threatened to leave Iraq if contracts not signed. *Excessive red tape frustrating investors in Iraq.
SINGAPORE, Feb 24- Brent futures rose above $110 a barrel on Monday, defying the losses seen in most other risk assets on expectations of revived demand growth across industralised and emerging nations. Brent crude had gained 19 cents to $110.04 a barrel by 0340 GMT, after settling higher for a second straight week.
BAGHDAD-- Iraq has held a ceremony marking the start of construction of a large oil refinery aimed at meeting increasing demand for refined products.
The autonomous region's prime minister and top energy official travelled to Baghdad earlier this week, intensifying efforts to settle the long-running dispute over exports of oil from Kurdistan via a new independent pipeline to Turkey.
BAGHDAD, Feb 19- Iraqi Kurdistan has agreed to export crude via the country's main oil marketing body, Deputy Prime Minister for energy Hussain al-Shahristani said on Wednesday, potentially removing a major sticking point in a row with the central government.
SINGAPORE, Feb 18- U.S. crude futures held above $100 on Tuesday, buoyed by a weaker dollar and as frigid weather across North America lifted heating demand. A positive outcome would be negative for oil as sanctions on Tehran would ease, allowing the OPEC producer to export more crude and add to global supply.
MADRID, Feb 11- Spain's ruling party sought on Tuesday to limit judges' ability to go after alleged human rights abusers around the world, a day after Spanish arrest orders were issued for former Chinese officials accused of genocide in Tibet. China protested against the orders, called on Spain to drop the issue and issued a veiled threat about bilateral ties.
*Progress made between Arbil, Baghdad over oil row. *Issues narrowed down to three, Genel Energy says. ISTANBUL, Feb 6- Iraqi Kurdistan and the central government in Baghdad are close to resolving a long-standing dispute over the sharing of oil revenues, said the president of Genel Energy, which operates in the region.
*China's Jan official PMI slips to six-month low. SINGAPORE, Feb 3- Brent crude dropped to a two-week low on Monday at $106 a barrel as weak factory data from China stoked demand growth worries, but fresh violence in Iraq and Syria checked losses.
*China's Jan official PMI slips to six-month low. SINGAPORE, Feb 3- Brent futures fell to a two-week low on Monday at $106 a barrel as weak factory data from China stoked demand growth worries, while a strong dollar and fresh violence in Iraq and Syria helped to stem the losses.
LONDON, Jan 31- OPEC's oil output has risen in January from December's 2-1/ 2- year low, due to a partial recovery in Libyan supply and higher shipments from Iraq and Iran, a Reuters survey found on Friday. The survey illustrates the potential for OPEC supply to rebound in 2014 if Libya, Iraq and Iran sustain higher output.
*Baghdad hires law firm after Kurds open new pipeline to Turkey. LONDON, Jan 30- The Iraqi government has hired a law firm to target any buyer of what it considers illegally exported Kurdish crude oil, a Baghdad official said, toughening its tactics in a struggle to halt the northern region's drive for economic independence.
ANKARA, Jan 30- Turkey will stand by a consensus reached in December between Ankara, Baghdad and Arbil to seek Baghdad's permission, but not its blessing, in exporting Iraqi Kurdistan's oil, Turkish Energy Minister Taner Yildiz told Reuters on Thursday.
LONDON, Jan 28- Spillover attacks from the civil war in Syria have hindered development of Iraq's gas and oil reserves and a major pipeline to the Mediterranean has been blown up dozens of times, Iraq's top energy official said on Tuesday.