Brent crude was steady above $108 after a strong reading on Chinese manufacturing bolstered hopes for higher demand.» Read More
Rising tensions in Iraq are giving investors anxiety. Is this the trigger for a correction? NYSE floor trader Kenny Polcari weighs in.
Foreign staff at Iraq's largest oil refinery in Baiji have been evacuated, reports CNBC's Michelle Caruso-Cabrera. Iraqi officials say they are still in control of the refinery, but it is surrounded by Islamist militants.
Tornadoes in Nebraska caused a power disruption that will temporarily reduce oil flow through the Keystone system, TransCanada said.
Iran, world powers to meet in Vienna for nuclear talks. *Iraq's main refinery shuts down. NEW YORK, June 17- Brent oil held steady above $113 per barrel on Tuesday as fears that violence in Iraq could hit exports offset thawing relations between Iran and the West that could boost that nation's output.
The New York Times is reporting 44 Sunni prisoners have been killed in a police station north of Baghdad. CNBC's Michelle Caruso-Cabrera, provides an update on U.S. and Iranian efforts to quell the situation in Iraq.
My fear is not inflation in this country other than in gasoline and at the pump, says CNBC's Jim Cramer explaining why he is keeping an eye on oil as unrest continues in Iraq.
The Iraqi army and Shiite religious leaders have finally mobilized, reports NBC's Richard Engel, with an update on the crisis in Iraq.
Stephen Roach, Yale University senior fellow, shares his outlook on consumers and the economy. We seriously need to think about new sources of growth, Roach says.
Geoff Dennis, UBS head of gem equity strategy, discusses the impact of geopolitical concerns on global money. So far it's been fairly muted, says Dennis.
Stephen Roach, Yale University senior fellow, shares his thoughts on China's energy dependency and the ripple effect of China's relationship with Iraq and the U.S.
Stuart Holliday, Meridian CEO, discusses the challenges of establishing ground support in Iraq.
Bob Dudley, BP CEO says his company hasn't missed a beat in operations so far, reports CNBC's Michelle Caruso-Cabrera, with an update from Iraq.
Iran, world powers to meet in Vienna for nuclear talks. *UK to re-open embassy in Iran. LONDON, June 17- Oil futures fell towards $112 per barrel on Tuesday, pressured by signs of a thaw in relations between Iran and the West although market players saw scope for gains if violence in Iraq threatened production from OPEC's second-biggest producer.
(Ret.) Lt. Gen. Jay Garner, former interim post war Iraq admin., discusses military options in Iraq, and why the U.S. should support the Kurds.
NBC News has confirmed the U.S. and Iran discussed Iraq, reports CNBC's Michelle Caruso-Cabrera, with the latest details on the growing crisis.
*Iran, world powers to meet in Vienna for nuclear talks. LONDON, June 17- Oil futures dipped towards $112 per barrel on Tuesday, with investors booking profits after a rapid spike in prices, but market players saw scope for further gains if violence in Iraq threatened production from OPEC's second-biggest producer.
Bod Dudley, CEO of BP says he's not concerned about the group's investment in Rosneft despite the situation in eastern Ukraine.
Alexander Korsik, CEO of Bashneft, says the unrest in Ukraine has had little impact on the group and that the decision to introduce a share sale either in London or Moscow will be made in "the spur of the moment".
There is no respite for oil traders as this week all eyes will be on talks between world powers and Iran.
Daniel Yergin, vice chairman of IHS, says the world markets want U.S. liquefied natural gas (LNG) for diversification.