Over the next 25 years, the U.S. will become a global energy powerhouse. That shift will reshape geopolitical power.» Read More
*Washington considers air strike request, allies caution against. TIKRIT, Iraq, June 19- Iraqi government forces battled Sunni rebels for control of the country's biggest refinery on Thursday as Prime Minister Nuri al-Maliki waited for a U.S. response to an appeal for air strikes to beat back the threat to Baghdad.
NBC's Richard Engel reports on news that the U.S. wants Iraqi policymakers to form a new government without Prime Minister Nouri al-Maliki.
LONDON, June 19- Global stocks and bonds rose on Thursday after the U.S. Following the S&P 500' s rise to yet another record high on Wednesday, Asian equities posted strong gains- Japan's Nikkei 225 hit its highest since late January- and European bourses also opened sharply higher.
*Iraq asks United States for air support vs insurgents. LONDON, June 19- Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from OPEC's second-biggest producer.
CNBC's Michelle Caruso-Cabrera reports gas prices are creeping higher as Iraq's largest oil refinery comes under attack by Sunni militants.
Christof Rühl, BP Group chief economist, and CNBC's Steve Liesman, talk about the "uneasy balance" of energy consumption between the U.S. and China.
Christof Rühl, BP Group chief economist, and CNBC's Steve Liesman, discuss oil's impact on the economy and America's emerging energy independence.
CNBC's Michelle Caruso-Cabrera reports on the ongoing crisis in Iraq as black flags fly over Baiji.
*Iraq asks United States for air support vs insurgents. LONDON, June 19- Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from OPEC's second-biggest producer. Brent was up 10 cents at $114.36 a barrel by 0940 GMT, after reaching an intraday peak of $114.80, its highest since Sept. 9.
LONDON, June 19- Global stocks and emerging market assets rallied on Thursday after the U.S. Federal Reserve signaled that rising inflation won't trigger an interest rate rise any time soon, while Iraq turmoil sent crude oil futures to their highest this year.
*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.