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  • DUBAI, March 8- United Arab Emirates airlines Emirates, flydubai and Etihad Airways have suspended flights to Erbil, the airlines said in separate statements on Sunday, citing security concerns as Islamic State razes ancient cities in Iraq's north. Budget carrier flydubai, which was involved in a security incident in January when bullets hit one of its planes...

  • *Nuclear talks between Iran and big powers continuing. SINGAPORE, March 6- Brent crude oil rose to around $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets. Worries about oil supplies from the Middle East helped widen the premium...

  • SINGAPORE, March 6- U.S. crude nudged up to hover around $51 a barrel on Friday, set to post the first weekly gain in three, as geopolitical tensions in the Middle East supported oil. *U.S. crude rose 26 cents to $51.02 a barrel by 0006 GMT, on track for a more than 2 percent gain this week. *Libya's warring factions held United Nations- backed talks on Thursday after...

  • *Bottom pickers support prices up already on Libya, Iraq worries. *Washington presses ahead with nuclear deal for Iran. Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before the New York session.

  • Oil's geopolitical risk to the upside: Pro

    RBC Capital Markets' Helima Croft, discusses comments by ExxonMobil's CEO on disruptions in oil supply, and the impact on price. Croft explains the geopolitics around oil in Libya and Nigeria, and U.S. crude exports.

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11- year low against the dollar, offsetting concerns about tensions in Iraq and Libya. Brent and WTI rose earlier on Thursday due to concerns about oil supplies from Libya and Iraq.

  • *Lack of deal in Iran nuclear talks support crude oil. LONDON, March 5- The euro hit an 11 1/ 2- year low against the dollar and European stocks nudged higher on Thursday, as the European Central Bank prepared to lay out the details of its impending 1 trillion-euro stimulus plan. The common currency fell as low as $1.1026, its lowest since September 2003, and the region's...

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya. It seems to be that the market does seem to be paying a little bit of attention to geopolitical factors, namely Iraq and Libya, "said Virendra...

  • Vienna again tops survey of world's nicest cities Wednesday, 4 Mar 2015 | 10:02 AM ET

    VIENNA, March 4- Vienna, Austria's elegant capital on the Danube river, has again been commended as offering the best quality of life of any city in the world; Baghdad, once more, was deemed the worst to live in. Zurich, Munich, Duesseldorf and Frankfurt remained in the top 10.. New Zealand, Australia and Canada each have a city in the top 10..

  • *Iraq faces $21 billion budget deficit in 2015. BAGHDAD, March 3- Iraq is discussing a possible bond issue worth nearly $6 billion with Deutsche Bank and Citibank as part of its efforts to cover a huge projected budget deficit this year, Finance Minister Hoshiyar Zebari said. State revenues have tumbled along with falling oil prices just as Iraq faces a costly...

  • Iraq battles to rebuild despite war and oil slump Tuesday, 3 Mar 2015 | 4:00 AM ET

    *New city aims to house half a million people near Baghdad. *Challenges face mega projects planned for Basra, Baghdad. BAGHDAD, March 3- On a main highway south of Baghdad, dozens of buildings rise up from the Iraqi plains, the first blocks of a multi-billion-dollar city emerging from a landscape more accustomed to conflict and crisis than glitzy new development.

  • *No March bookings of Iran oil shipments by India so far- trade. *MRPL buys from Kuwait, Saudi Arabia to replace Iran oil- source. India, Iran's top client after China, shipped in about 102,200 barrels per day of crude and condensate from Tehran in February, the lowest since July 2013, and down 63 percent from January and 62 percent from a year ago, according to tanker...

  • SINGAPORE, March 2- Oil fell about 1 percent on Tuesday after posting its first monthly rise since June, pressured by continued weakness in China's vast manufacturing sector and higher Libyan crude output. The bank expects Beijing to lower the country's growth target to 7 percent this year in the upcoming National People's Congress, down from 7.5 percent last...

  • Fines, selloffs, cuts: Life under cash-squeezed ISIS Friday, 27 Feb 2015 | 1:51 PM ET
    ISIS fighters on parade

    Recently, ISIS has been dealing with financial hardships—here's how it is dealing with it, the Financial Times reports.

  • Call them Islamic extremists Thursday, 26 Feb 2015 | 2:34 PM ET
    In this image made from video posted on a social media account affiliated with the Islamic State group on Thursday, Feb. 26, 2015, which has been verified and is consistent with other AP reporting, militants attack ancient artifacts with sledgehammers in the Ninevah Museum in Mosul, Iraq.

    The US needs to stop tiptoeing around religious sensitivity when it comes to terrorist acts in the name of Islam, says David Phillips.

  • Fear grows in Europe as ISIS comes to Libya Friday, 20 Feb 2015 | 2:09 PM ET
    Members of the Libyan Police are seen on their vehicles as they prepare for deployment during the start of a security plan put forth by the government to increase security, Feb. 9, 2015, in Tripoli.

    ISIS operations in Libya are making headlines and inciting pronouncements from European officials, but the size of its reach is unclear.

  • NEW YORK, Feb 17- Crude oil futures fell on Tuesday as concerns about weak demand as a result of uncertainty in Europe outweighed worries about threats to Middle East production and the effect of U.S. output cuts. "Growing concerns about whether a cease-fire will hold and Greece's problems have got people worried about demand for oil in a shaky European economy,"...

  • LONDON, Feb 17- Oil slipped below $61 a barrel on Tuesday, dragged lower by weakness in some other commodity markets, although threats to Middle East crude supplies and expectations lower prices may prompt a slowdown in U.S. output limited the fall. "I think it all started in silver with squeezing out of long positions, then spilled over to gold and then to oil," said...

  • LONDON, Feb 17- Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to...

  • UPDATE 3-Oil rises to $62, close to 2015 high Tuesday, 17 Feb 2015 | 5:07 AM ET

    LONDON, Feb 17- Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to...