Secretary of State John Kerry is in Geneva talking a potential deal with Iran over its nuclear program for some oil sanctions. Helima Croft, Barclays, weighs in on where crude will go next, and oil production in Iraq.» Read More
Click to see some of the fallout from this clash between the West’s cherished freedom of expression and the Muslim world’s insistence on respect for its traditions.
The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region's Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however, the gesture may be more of a power play than a confidence-building effort.
For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they are being resolved to the extent that some huge fields are now becoming available for exploration and production.
The Brent crude oil price at $100 a barrel would be “favorable” for both producers and consumers, Iraq’s Deputy Prime Minister for Energy said Friday, reinforcing a price target set by top OPEC producer Saudi Arabia earlier this year.
Shailaja Nair, Managing Editor, Asia CED at Platts talks about Iran seeing an $8 billion quarterly loss from the fall in crude exports.
Hussain Al-Shahristani, Iraq Deputy Prime Minister for Energy tells CNBC that Brent may top $150 or "much higher" if Iran shuts the Strait of Hormuz.
Mad Money host Jim Cramer shares his final thoughts of the day.
With a job fair on Wall Street, America’s financial titans are making a major push to find fresh talent among returning war veterans.
Dominic Schnider, Head Commodity Research, UBS Wealth Management, UBS Wealth Management says there is enough oil supply in the short-term and that production actually needs to be cut by half a million barrels. But he expects oil prices to remain high at about $90.
The struggle for power in Iraq between the north and south is shaping the future of energy production in the region and beyond.
Despite sectarian bombings and political gridlock, Iraq’s crude-oil production is soaring, providing a singular bright spot for the nation’s future and relief for global oil markets as the West tightens sanctions on Iranian exports.
Gen. Wesley Clark, Wes. K. Clark & Associates CEO, discusses the costs involved in nation building and weighs in on why he thinks the U.S. should invest in energy resources here at home.
After charting five consecutive years of steady growth in the unemployment rate for post-9/11 veterans, the Bureau of Labor Statistics recently reported a sharp five-percentage point decline in January and February of this year, bringing the unemployment rate for post-9/11 veterans below that of the general population for the first time since 2008.
NBC's Tom Brokaw has the story on millions of veterans coming home and the obligation the U.S. has to reintegrate soldiers into a civil society.
"Veterans have led in the field; they can lead in a factory or research facility. Veterans believe in getting the job done and doing it in the right way," writes GE Chairman and CEO Jeff Immelt.
With the most recent data from the Energy Information Administration and the CIA World Factbook, here are the countries with the biggest proven oil reserves.
The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export in December, according to the latest update by the Joint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data.
Former Gov. Bill Richardson, (D-NM) says Iran has put itself in a box and is in a situation where the country may continue to suffer. Richardson says there is huge turmoil in the region and discusses what the pressure in the Middle East will mean for surrounding countries.
Discussing the geopolitical risk from the tensions in the Middle East, with Donald Drapkin, Casablanca Capital; Ian Bremmer, Eurasia Group, and Laurence Korb, former assistant Secretary of Defense.
Reva Bhalla, Stratfor, assesses reports that Iran is stealing oil from Iraq.