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  • Wall Street, Big Oil and your pain at the pump Wednesday, 21 May 2014 | 12:45 PM ET
    A gasoline pump nozzle refuels a sport utility vehicle in Bagdad, Kentucky, Feb. 26, 2014.

    Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.

  • Here's why you're paying more at the pump Thursday, 15 May 2014 | 12:17 PM ET

    As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.

  • *Baghdad has threatened to sue companies doing trade. LONDON, May 15- Israeli and U.S. oil refineries have joined the growing list of customers for crude from Iraqi Kurdistan, a region locked in a bitter struggle with the central government in Baghdad that says the sales are illegal. Baghdad refuses to sell oil to Israel, echoing other Arab states.

  • LONDON, May 8- Glencore Xstrata confirmed Tony Hayward as permanent chairman of the mining and commodities trading group, sealing the former BP chief executive's comeback from the worst offshore oil spill in U.S. history.

  • LONDON, May 8- Glencore Xstrata named Tony Hayward, the ex- BP chief severely criticised for his role in the Gulf of Mexico oil spill, as permanent chairman of the mining and commodities trading group, ending a year-long search.

  • UPDATE 2-Qatari fund buys UK's Heritage Oil for $1.6 bln Wednesday, 30 Apr 2014 | 4:20 AM ET

    LONDON, April 30- British oil company Heritage Oil agreed a 924 million pound takeover offer from a fund owned by the former chief executive of Qatar's sovereign wealth fund. Its suitor, Al Mirqab Capital, is the private investment vehicle of Qatar's Sheikh Hamad Bin Jassim Bin Jabor Al Thani and his family.

  • Heritage, whose main oil production is in Nigeria, said on Wednesday it was recommending a 320 pence per share cash offer, which represented a 25 percent premium to its closing price the day before the approach was announced.

  • Oil producers facing growing global risks Sunday, 27 Apr 2014 | 6:00 AM ET
    ExxonMobil oil rig

    The crisis in Ukraine is a reminder that the world is unstable, and oil companies must drill in those places nonetheless.

  • At "Donkey Springs", bombers choke off Iraq oil exports Thursday, 10 Apr 2014 | 12:03 PM ET

    MOSUL/ BAGHDAD, April 10- Militants whose bombs have shut Iraq's main northern oil export pipeline for 40 days are preventing repairs, threatening to extend an outage that is already the longest since the days of sanctions in the 1990 s.

  • *Asia to buy nearly 60 percent of Iraq's Basra Lt exports. SINGAPORE/ BASRA, Iraq, April 8- Iraq's rush to pump more oil to Asia has coincided with complaints from some buyers about the quality of its crude, casting doubt on whether Baghdad can increase the volumes of its key Basra Light grade to the region by a third in 2014..

  • Poor manufacturing data from China and Europe dampened the demand outlook on Tuesday and caused oil prices to tumble, with Brent hitting its lowest in nearly five months. *U.S. crude for May delivery edged down 10 cents to $99.64 a barrel by 0002 GMT after dropping 1.8 percent on Tuesday to its lowest settlement since March 26.

  • *Supply falls by 340,000 bpd, led by Iraq, Angola, Libya. Supply from the Organization of the Petroleum Exporting Countries averaged 29.72 million barrels per day, down from a revised 30.06 million bpd in February, according to the survey based on shipping data and information from sources at oil companies, OPEC and consultants.

  • *Supply falls by 340,000 bpd, led by Iraq, Angola, Libya. Supply from the Organization of the Petroleum Exporting Countries averaged 29.72 million barrels per day, down from a revised 30.06 million bpd in February, according to the survey based on shipping data and information from sources at oil companies, OPEC and consultants.

  • Energy expert warns of oil supply disruptions Thursday, 27 Mar 2014 | 3:03 PM ET

    "The oil market right now is probably as dicey as I've seen it my career," former energy portfolio manager Nick Tiller says.

  • LAUNCESTON, Australia, March 20- The price of Middle East crude oils being supplied to Asia appears too high given an increase in supply from Iran, Iraq and rival Russia and muted demand from refiners. The Brent- Dubai exchange for swaps fell to $3.75 a barrel on Wednesday, down from the year-high of $4.44 on March 14.

  • Here's what's driving Sheraton's record growth Monday, 10 Mar 2014 | 8:14 AM ET
    Rendering of the Sheraton Zhuhai Hotel in China

    In the midst of an $8 billion growth spurt, Sheraton will open a record 38 newly constructed hotels in the next 12 months, including several in Iraq.

  • Iraq returns as world's fastest-growing oil exporter Wednesday, 5 Mar 2014 | 9:59 AM ET

    LONDON, March 5- Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.

  • New, smaller US military has long road to reality Tuesday, 4 Mar 2014 | 3:15 PM ET
    USS George Washington

    Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.

  • BASRA, Iraq, March 1- Oil exports from Iraq rose to a record 2.8 million barrels per day on average in February, Deputy Prime Minister for energy Hussain al-Shahristani told reporters on Saturday.

  • LONDON, Feb 28- OPEC's oil output has risen further in February from December's 2-1/ 2- year low, due to more shipments from Iraq and Angola, and further upward creep in Iranian exports, a Reuters survey found on Friday.