Iraq
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The Iraqi government and Kurdistan authorities put together a deal that could see the Kurds resume oil exports to Iraq in return for a revision of the Iraqi 2013 budget.
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CHICAGO-- Mandolin player and composer Chris Thile learned the hard way that when you get a call from the 312 area code this time of year, you should probably answer the phone. Thile is among 23 recipients of this year's MacArthur Foundation "genius grants," which are given in a secrecy-shrouded process.
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WASHINGTON-- Federal investigators estimated Monday that the Department of Veterans Affairs wastefully spent about $762,000 at two employee conferences last year in Orlando, Fla., and that senior leadership failed to provide proper oversight in planning and executing the events.
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BAGHDAD, Oct 2- Iraq's Finance Ministry has begun paying an initial $650 million to Iraqi Kurdistan for oil companies working in the autonomous region, Deputy Prime Minister Rosh Nuri al-Shawish told Reuters on Tuesday.
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BAGHDAD, Oct 2- Iraq's Finance Ministry has begun making an initial payment of $650 million to Iraqi Kurdistan for oil companies working in the autonomous region, Deputy Prime Minister Rosh Nuri al-Shawish told Reuters on Tuesday.
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In the Platts window, Eni bought an 80,000- tonne Oct 14-18 cargo in the Mediterranean from Vitol at dated Brent minus $1.80, some 20 cents weaker than prices earlier this week, traders said. Also in the Mediterranean, BP bought an Oct 19-23 Azeri Light cargo from Socar at dated Brent plus $2.05, some 45 cents weaker than offers on Monday.
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Global economic activity has slowed this year, curbing fuel demand growth in Asia, Europe and the United States. The euro supported oil prices, rising for a second straight session on growing expectations the euro zone's fourth-largest economy, Spain, will seek a bailout.
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*He mentions Qatar, Saudi Arabia, Turkey, US, France, Libya.
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*He mentions Qatar, Saudi Arabia, Turkey, US, France, Libya.
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WASHINGTON, Oct 1- A precipitous drop in Iran's currency, the rial, shows that sanctions are cutting "deeper and deeper" into its economy, the United States said on Monday, reiterating Iran must rein in its nuclear program.
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As the government closed the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either man's plan to address the accumulating debt, now at about $16 trillion.
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HELSINKI, Oct 1- The following stocks may be affected by newspaper reports and other factors on Monday:. The EU Commission has informed the Finnish steel company that the divestment of its Swedish melting and coil operations may not be enough to permit the approval of the Inoxum deal with Thyssenkrupp, Outokumpu said.
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*ANKARA- Foreign Minister Ahmet Davutoglu to hold talks with Masoud Barzani, president of Iraq's autonomous Kurdistan region. ISTANBUL- Istanbul Chamber of Commerce releases September inflation data for Turkey's biggest city.
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In the Platts window, Statoil bought a Urals cargo from Gunvor loading Oct 14-18 from Primorsk at dated Brent minus $1.90 per barrel, some 45 cents weaker than prices last week. Azeri Light also weakened by 50 cents after Socar offered the grade from Supsa or Ceyhan for Oct 19-23 delivery at dated Brent plus $2.50.
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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.
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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.
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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.
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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.
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Shailaja Nair, Managing Editor, Asia CED at Platts talks about Iran seeing an $8 billion quarterly loss from the fall in crude exports.
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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.
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Mad Money host Jim Cramer shares his final thoughts of the day.