GO
Loading...

Iraq

More

  • LONDON, Oct 31- OPEC's oil supply in October has fallen by 120,000 barrels per day due to lower production in Angola and Nigeria, a Reuters survey found, although recovery in Libya and growth in Iraq kept output close to September's two-year high. OPEC pumps a third of the world's oil and meets in November to set output policy for early 2015. Despite oil's drop below...

  • Islamic State militants have seized oilfields and refineries in north Iraq and have been exporting oil through smuggling networks to help finance their campaign, along with ransom, extortion and other criminal activities. "It is of critical importance to the United States, the international community and to Kurdistan itself to see an increased effort to...

  • BUSINESS-NEWS-SCHEDULE AT 1330 GMT /9.30 AM ET Monday, 27 Oct 2014 | 10:08 AM ET

    MILAN- Italy's Monte dei Paschi di Siena is likely to try to plug a capital shortfall uncovered by Europe- wide stress tests through asset sales and possibly another cash call, but longer term a takeover could be inevitable. LONDON- Europe's banking healthcheck showed countries and lenders are implementing global capital rules at vastly different speeds, and...

  • ISTANBUL/ ANKARA, Oct 27- Iraqi Kurdistan plans to increase the capacity of its oil pipeline via Turkey to 700,000 barrels per day following upgrade work, industry sources and officials said on Monday. The Kurdistan Regional Government has quietly pressed ahead with plans to expand oil pumping capacity in the teeth of opposition to its oil exports from the...

  • DUBAI, Oct 27- Iraq's economy is likely to shrink 2.7 percent this year, the first contraction since the U.S.-led invasion in 2003, after Islamic State militants occupied swathes of the major oil exporter, the International Monetary Fund said on Monday. The al Qaeda offshoot then declared a caliphate in parts of Syria and Iraq and threatened to take Baghdad,...

  • NYMEX-Crude edges up above $81 after four-week slide Sunday, 26 Oct 2014 | 7:33 PM ET

    TOKYO, Oct 27- U.S. crude futures edged up on Monday to hold above $81 a barrel, following a four-week slide that has pulled prices down by nearly 10 percent amid abundant supply amid and weak demand. *NYMEX crude for December delivery was up 10 cents at $81.11 a barrel by 2314 GMT, after settling down $1.08 on Friday following a spike up on Thursday on news that Saudi...

  • Iraq's oil exports rising in October despite unrest Friday, 24 Oct 2014 | 6:43 AM ET

    LONDON, Oct 24- Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of supplies from OPEC's second-largest producer. Four months after an advance by Islamic State into northern Iraq sent oil prices soaring to $115 a barrel, the...

  • WASHINGTON, Oct 23- The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1- million- a-day funding source. Islamic State has seized large swaths of Iraq and Syria in a brutal campaign, and could pose a threat to the United States and its allies if it is not...

  • *Dubai's retail investors return to the market. *Dana Gas jumps after collecting some cash in Egypt, Iraq. Dubai's index rose 0.6 percent on the back of lenders Emirates NBD and Dubai Islamic Bank, both of which reported strong profit growth and beat analysts' estimates on Wednesday.

  • US needs to be more proactive on ISIS Wednesday, 22 Oct 2014 | 4:28 PM ET
    President Barack Obama delivers a prime time address from the Cross Hall of the White House on September 10, 2014 in Washington, DC.  Vowing to target the Islamic State with air strikes "wherever they exist".

    The US has only jumped into ISIS battles at the last minute to avert disaster. It's time to get ahead, says David Phillips.

  • Blackwater guards found guilty in Iraq shootings Wednesday, 22 Oct 2014 | 7:17 AM ET

    WASHINGTON— Four former Blackwater security guards were convicted Wednesday in the 2007 shootings of more than 30 Iraqis in Baghdad, an incident that inflamed anti-American sentiment around the globe and was denounced by critics as an illustration of a war gone horribly wrong. The federal jury found Nicholas Slatten guilty of first-degree murder, the most...

  • But the radical jihadists have for longer been engulfing another strategically more vital target- Iraq's western Anbar province and its road to Baghdad. Now Anbar's largest airbase Ain al-Asad, the Haditha Dam- a critical piece of infrastructure- and surrounding towns are encircled by Islamic State to the west from the Syrian border and to the east from...

  • Former United Nations Secretary General Kofi Annan, says diplomacy and military action is needed to take the fight to ISIS.

  • *Fighting in Iraq raises political risk. NEW YORK, Oct 17- Oil prices rose slightly on Friday, bouncing from near four-year lows even while marking a fourth straight weekly loss, as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. "It's corrective," said Andy Lebow at Jefferies LLC.

  • UPDATE 8-Oil bucks downtrend to eek out small gain Friday, 17 Oct 2014 | 3:54 PM ET

    *Fighting in Iraq raises political risk. NEW YORK, Oct 17- Oil prices rose slightly on Friday, bouncing from near four-year lows even while marking a fourth straight weekly loss, as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. "It's corrective," said Andy Lebow at Jefferies LLC.

  • *Fighting in Iraq raises political risk. NEW YORK, Oct 17- Global crude oil continued to show modest gains on Friday, bouncing from near four-year lows as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. The over-arching downtrend may bring prices to the $70 range by the end of the year, said Tariq Zahir at...

  • *Fighting in Iraq raises political risk. LONDON, Oct 17- Brent crude oil rose above $86 a barrel on Friday, bouncing from near four-year lows as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. "Prices have likely overshot to the downside," said Jeffrey Currie, head of oil analysis at Goldman Sachs.

  • LONDON, Oct 17- Brent crude rose more than a dollar to above $87 a barrel on Friday, bouncing from near four-year lows as investors bought back into a market they said was oversold in the short term. "Prices have likely overshot to the downside," said Jeffrey Currie, head of oil analysis at Goldman Sachs. Brent for December was up $1.20 at $87.02 a barrel by 1000 GMT, but was...

  • *Covering of short sales and Middle East risk lend support. LONDON, Oct 17- Brent crude steadied around $86 a barrel on Friday after bouncing from near four-year lows as investors bought back into a market they saw as oversold in the short term. "Prices have likely overshot to the downside," said Jeffrey Currie, head of oil analysis at Goldman Sachs.

  • BAGHDAD/ BEIRUT, Oct 14- A senior Iraqi Kurdish official said on Tuesday that Iraq's Kurdistan Regional Government had provided military assistance to Syrian Kurdish forces battling Islamic State fighters in the town of Kobani. Hamid Darbandi, the KRG official responsible for Syrian Kurdish affairs in Iraq, said: "We helped them in roughly every arena.