Saudi Arabia's ex-head of intelligence has criticized U.S. anti-terrorism tactics, saying Obama was wrong to rule out troops in Syria and Iraq.» Read More
*Iraq asks United States for air support. SINGAPORE, June 19- Brent crude held above $114 a barrel on Thursday near a nine-month high, supported by concerns about potential supply disruptions due to fighting in Iraq.
Financial spreadbetters saw the momentum carrying on into Europe, with Britain's FTSE seen rising as much as 0.5 percent at the open, Germany's DAX up 0.6 percent and France's CAC 0.7 percent higher. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.8 percent.
Igor Sechin, CEO of Rosneft, says he cannot understand why there are U.S. sanctions against him, calling it a "sad situation".
Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities, says militants won't disrupt oil production in Iraq as that may invite intervention from the U.S. and Iran.
*Iraq asks United States for air support. SINGAPORE, June 19- Brent crude held near a nine-month high above $114 a barrel on Thursday supported by concerns about potential supply disruptions due to fighting in Iraq.
With insurgents attacking Iraq's biggest oil refinery, the U.S. may be compelled to send its troops into the country, says Patrick Basham, Founding Director at the Democracy Institute.
SEOUL, June 19- U.S. crude oil futures rebounded above $106 a barrel in early Asian trade on Thursday after dipping in the previous session, supported by concerns about a potential supply disruption due to turmoil in Iraq.
Faysal Itani, Resident Fellow at the Atlantic Council, explains why the U.S. is in a tight spot this time when it comes to quelling instability in Iraq.
The president has shifted his focus away from airstrikes in Iraq as an imminent option for slowing a fast-moving Islamic insurgency officials said.
*Oil tops $114 a barrel on Iraq concerns. NEW YORK, June 18- Wall Street stocks jumped on Wednesday, taking the S&P 500 index of top companies to an all-time record after the Federal Reserve promised to keep in place low interest-rate policies and forecast the world's biggest economy would expand moderately.
*Oil majors pull foreign staff from Iraq. NEW YORK, June 18- Brent crude rose to a nine-month high on Wednesday as investors worried about exports from Iraq, while U.S. crude dipped after government numbers showed domestic crude inventories fell much less than an industry group had reported.
Iraq has asked the U.S. to stage air attacks on Sunni Muslim insurgents, according to a top American general.
*Oil majors pull foreign staff from Iraq. NEW YORK, June 18- Brent rose past $114 a barrel on Wednesday on worries about exports from Iraq, while U.S. crude dipped as government numbers showed a much smaller draw in domestic stocks than an industry report showed a day earlier.
MULLAH ABDULLAH, Iraq, June 18- Under a bridge, 40 men from the Iraqi police and Kurdish peshmerga fighters take cover from the sun and the occasional mortar fired from across the river that marks one front in a conflict that threatens to dismember the country.
*Link from Kirkuk to Kurdish pipeline needs tests. LONDON, June 18- Barely a week after Iraqi Kurdistan took over the Kirkuk oil field, Iraqi oil officials seemed resigned to its loss when they joined their Kurdish counterparts at a London industry conference.
Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.
According to the Iraq Oil Report, it's a stalemate when it comes to the Baiji Refinery. CNBC's Michelle Caruso-Cabrera reports the latest in Iraq.
*Oil majors pull foreign staff from Iraq. NEW YORK, June 18- Brent crude oil rose past $114 a barrel on Wednesday on worries about exports from Iraq, while U.S. crude dipped as government numbers showed a much smaller draw in domestic stocks than an industry report showed a day earlier.
*Oil tops $114 a barrel on Iraq concerns. NEW YORK, June 18- The dollar dipped and Wall Street equities softened on Wednesday as global markets puzzled over the odds that Federal Reserve Chair Janet Yellen will soon strike a more hawkish tone on monetary policy.
Drivers in Iraq's northern region are lining up at gas stations. CNBC's Michelle Caruso-Cabrera provides insight.