CNBC's Jackie DeAngelis reports oil prices are losing ground and gasoline futures are down about 8 percent in the last month, the biggest drop this year.» Read More
WASHINGTON, Oct 25- The world produced more oil in October as Libya, Iraq and Saudi Arabia pumped more crude and the United States continued to draw more oil from its vast shale reserves, the U.S. Energy Information Administration said in a bimonthly report. The report is required by the Iran sanctions law President Barack Obama signed last year.
BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.
LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.
The irony for journalists is that Mogadishu, on the whole, is far safer than it was when the Islamist extremists, al-Shabab, controlled most of the city from 2007-2011. African Union troops forced al-Shabab out in August 2011, leading to less violence and a general revival of business, the arts and sports.
LEESBURG, Va.-- In many ways, it's an odd topic to make a central campaign issue: sequestration. Many voters greet the word with a blank stare or slightly glazed eyes, and when Republican George Allen brings up the issue in his Senate campaign, he first has to explain what he's talking about.
AMMAN, Jordan-- The foiling of a planned al-Qaida terror plot in Jordan underscores a new subplot in the story of the Arab Spring: Things are heating up for King Abdullah II, a Western-oriented monarch who has run a business-friendly, pragmatic monarchy with some trappings of democracy.
DUBAI, United Arab Emirates-- In back-to-back Asian summits this month, Iran's president made sure to carve out special time to look east. At one gathering in Azerbaijan, Mahmoud Ahmadinejad reminded the president of Kazakhstan about the vision of a railway linking the heart of Central Asia with Iran's warm ports.
*BBC under pressure over sex claims against dead presenter. *BBC boss admits trust damaged. George Entwistle, who was announced as the 90- year-old media organisation's new boss in August, told hostile lawmakers that failures at the BBC had allowed Jimmy Savile, once one of Britain's top TV presenters, to prey on young girls for years.
*OPEC secretary general post comes up in 2013. LONDON/ DUBAI, Oct 23- OPEC remains in a stalemate over selecting its next secretary general, delegates to the producer group said on Tuesday after a two-day meeting, due to rivalry between four member-countries over its top administrative post.
A four-year boom in U.S. oil production is accelerating so fast it could help soon make the U.S. the world's top producer of oil and liquid hydrocarbons. The U.S. passed Russia this year, and is now second behind Saudi Arabia. Source: U.S. Energy Information Administration.
The budget deficit _ the shortfall created when the government spends more in a given year than it collects in taxes and fees_ topped $1 trillion for the fourth straight time in the budget year that just ended Sept. 30. It now borrows roughly 31 cents for every dollar it spends.
PIPELINE DEAL: Iraq signed a $127.5 million deal with South Korea's KOGAS to build two key gas pipelines in northern Iraq as Baghdad takes steps to develop a modern infrastructure that meets growing energy needs.
ROMNEY on Syria: "What I'm afraid of is we've watched over the past year or so, first the president saying, `Well, we'll let the U.N. deal with it.' And Assad _ excuse me, Kofi Annan _ came in and said we're going to try to have a cease-fire.
LONDON-- The families of several British soldiers who were killed in Iraq can sue their government for negligence, a court ruled Friday. The High Court backed the families last year, but the Ministry of Defense appealed. On Friday the Court of Appeal agreed with the previous ruling that the families can sue the government for damages on negligence grounds.
Michele Bachmann's tendency to cause a ruckus on Capitol Hill made her a tea party sensation. Allen West of Florida, Steve King of Iowa and Joe Walsh of Illinois are all embroiled in tough and expensive races that are drawing plenty of spending by friends and foes from around the country.
BEIRUT-- Syrian warplanes hammered a strategic city captured by rebels, leaving behind scenes of carnage captured Thursday on amateur videos that showed a man holding up two child-sized legs not connected to a body and another carrying a dismembered arm.
NEW YORK-- A Bangladeshi man snared in an FBI terror sting considered targeting President Barack Obama and the New York City Stock Exchange before settling on a car bomb attack on the Federal Reserve, just blocks from the World Trade Center site, a law enforcement official told The Associated Press on Thursday.
BAGHDAD-- Iraqi authorities have issued arrest warrants for the longtime governor of the central bank following allegations of financial wrongdoing, the country's judiciary said Thursday. Supreme Judicial Council spokesman Abdul-Sattar Bayrkdar told The Associated Press that 15 bank officials are being sought along with al-Shabibi.
NEW YORK-- A Bangladeshi man snared in an FBI terror sting considered targeting a high-ranking government official and the New York Stock Exchange before authorities say he raised the bar by picking one New York City's most fortified sites: The Federal Reserve.
NEW YORK-- A Bangladeshi man who came to the United States to wage jihad was arrested in an elaborate FBI sting on Wednesday after attempting to blow up a fake car bomb outside the Federal Reserve building in Manhattan, authorities said.