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Iraq

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  • BAGHDAD, Nov 17- OPEC producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Skepticism that OPEC will cut supply when it meets on Nov. 27 have also weighed on the prices. Venezuela, Ecuador and a Libyan OPEC official have called for OPEC to cut output, and so far only Kuwait and Iran have...

  • Baghdad government done little since many were massacred. The Albu Nimr were one of the Sunni tribes that helped the U.S. Marines defeat al Qaeda in Iraq's vast Western Anbar province during the 2006-2007 "surge" offensive, a strategy Washington hopes Iraq can now repeat against Islamic State. Sabah Karhoot, provincial council chief of Anbar, home to the Albu Nimr,...

  • Iraqi-Kurdish oil deal falls short of solutions Sunday, 16 Nov 2014 | 11:43 AM ET

    IRBIL, Iraq— Goran Mohammed had just completed his second year of university in the northern Iraqi city of Irbil when he dropped out to help his father run the family grocery store. Mohammed's difficulties reflect that of his region, where the semi-autonomous Kurdish Regional Government has struggled to stabilize the local economy in the face of a militant...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE Nov 14- Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel OPEC would cut production at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the...

  • Saudi Arabia's oil minister also appeared to rule out a cut in production by the key OPEC member when the Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 27 fuelling fears of oversupply. *U.S. crude for December delivery rose to 23 cents to $74.43 a barrel by 0116 GMT on Friday after dropping $2.97 in the previous session, the lowest since...

  • *Payments to Kurdish civil servants, oil exports for Baghdad. Zebari, who is a Kurd, described the step as a "major breakthrough" that would reduce friction between the KRG and Baghdad. Baghdad stopped paying for KRG civil servant salaries in protest against the Kurds' exporting oil to Turkey independently.

  • KURDISTAN REGIONAL GOV'T SPOKESMAN SAYS WILL CONTINUE TO EXPORT CRUDE THROUGH OWN PIPELINE, WILL HAND NO CONTROL OVER EXPORTS TO BAGHDAD.

  • KURDISTAN REGIONAL GOV'T SPOKESMAN SAYS DELEGATION WILL GO TO BAGHDAD SOON TO HAMMER OUT MORE COMPREHENSIVE OIL DEAL.

  • KURDISTAN REGIONAL GOV'T SPOKESMAN CONFIRMS DEAL REACHED WITH BAGHDAD TO EASE TENSIONS OVER OIL EXPORTS, PAYMENTS.

  • Emirates restarts flights to Iraqi city of Irbil Thursday, 13 Nov 2014 | 8:09 AM ET

    DUBAI, United Arab Emirates— The Mideast's biggest airline, Emirates, says it will resume flights from Dubai to the Iraqi Kurdish regional capital of Irbil after halting them following advances by the Islamic State group. It stopped Irbil flights in August for what it called "operational reasons," though it continued flying to Baghdad and the southern city of...

  • U.S. President Barack Obama said that 1,500 more troops will be deployed in Iraq to battle ISIS militants. CNBC's Hadley Gamble reports on whether this could signal "mission creep".

  • US may expand Iraq operations: Report     Friday, 7 Nov 2014 | 2:15 PM ET

    The U.S. may significantly expand the number of troops in Iraq, reports CNBC's Eamon Javers.

  • LONDON, Nov 7- Iraqi Kurdistan has sold 34.5 million barrels of oil worth almost $3 billion since January, the Kurdistan Regional Government said, despite opposition from the federal government to independent oil sales from the region. Companies producing oil in the semi-autonomous region include the UK's Genel Energy, Gulf Keystone Petroleum and Afren, and...

  • LONDON, Nov 7- Iraqi Kurdistan has sold 34.5 million barrels of oil with a value of almost $3 billion since January, the Kurdistan Regional Government said, despite opposition from the federal government to independent oil sales from the region. The KRG said in a statement on Friday that the proceeds of the $2.87 billion sales were being treated as part of what it...

  • GOP Senate may have limited foreign policy impact Wednesday, 5 Nov 2014 | 1:53 PM ET
    A masked man speaking in what is believed to be a North American accent in a video that Islamic State militants released in September 2014.

    With many foreign policy issues overshadowed by wider global forces, don't expect major shifts under the GOP-controlled Senate.

  • NEW YORK, Nov 4- Canada's Come by Chance refinery, on the far eastern tip of the country, has swapped out its mainstay Iraqi crude to run almost wholly on U.S. shale oil, industry sources say, the latest sign of how the shale boom is redrawing global oil trade. Some two months after South Korea's national energy firm agreed to sell the refinery to a newly formed New York-...

  • ISIS dons family-friendly guise to lure women, kids Tuesday, 4 Nov 2014 | 8:11 AM ET

    ISIS is using a family-friendly message to attract women and kids to enlist, reports NBC News.

  • *China data shows orders, factory output fall. LONDON, Nov 3- Brent crude oil slipped towards $85 a barrel on Monday as the dollar strengthened and Chinese data pointed to slower economic growth as well as weaker fuel demand in the world's biggest energy market. "Disappointing data will result in downscaling of oil demand expectations, and the dollar is stronger...

  • *China data pressures Brent crude. SINGAPORE, Nov 3- Brent crude inched lower on Monday, dropping further away from $86 a barrel as mixed Chinese data and a strong dollar pressured prices. Although growth in China's vast factory sector rose to a three-month high in October as smaller firms saw more orders, according to a private survey, the numbers still pointed to a...

  • *China data pressures Brent crude. SINGAPORE, Nov 3- Brent crude inched down on Monday, moving further away from $86 a barrel as mixed Chinese data and a strong dollar pressured prices. Although growth in China's vast factory sector rose to a three-month high in October as smaller firms saw more orders, the numbers still pointed to a sluggish economy that is losing...