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  • 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...

  • *U.S. crude had risen 1 cent to $80.55 a barrel as of 0023 GMT, after settling down 58 cents at $80.54 a barrel in the previous session. *OPEC's oil supply fell by 120,000 barrels per day in October 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.

  • 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...

  • White House replica in Middle East     Wednesday, 29 Oct 2014 | 7:55 AM ET

    It may look like the White House nestled along Pennsylvania Avenue in Washington, DC, but look again, it's a replica being built in the Kurdish capital of Erbil by a wealthy Iraqi businessman.

  • Why OPEC's losing its ability to set oil prices Monday, 27 Oct 2014 | 5:22 PM ET
    Workers make a pipe connection on the drill string on the Orion Perseus drilling rig near Encinal in the Eagle Ford Shale in Webb County, Texas.

    OPEC is losing its price-setting influence on global oil prices to U.S. shale production, according to Goldman Sachs analysts.

  • 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 beats back ISIS in key battle near Baghdad Saturday, 25 Oct 2014 | 4:27 PM ET
    Militant Islamist fighters parade on military vehicles along the streets of northern Raqqa province, June 30, 2014.

    Iraqi forces and Shi'ite militias seized control of a strategic town near Baghdad from ISIS, after heavy coalition air strikes.

  • 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.