Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.» Read More
*U.S. crude for October delivery was up 3 cents at $46.78 barrel by 0012 GMT, after settling 50 cents higher in the previous session. *Iran's Supreme Leader, President Hassan Rouhani said he favours a parliamentary vote on its nuclear deal with world powers and called for sanctions against Tehran to be lifted completely rather than suspended, state television...
People displaced by wars in Syria, Iraq, and Afghanistan are fleeing to Europe, where leaders are divided over how to handle the influx.
WASHINGTON— The Pentagon's inspector general is investigating an allegation that the military command overseeing the anti-Islamic State campaign distorted or altered intelligence assessments to exaggerate progress against the militant group, a defense official said Wednesday. The investigation was first disclosed by The New York Times.
The U.S. is investigating whether the Islamic State used chemical weapons, the White House said, following allegations they were deployed in Iraq.
*U.S. refinery problems raise Cushing oil stock concerns. *China's economy expected to weaken further. Benchmark North Sea Brent crude oil fell by 25 cents to $49.41 a barrel by 1315 GMT after hitting a session high of $50.39.
*Iraq to export near record volumes of Basra crude. *China's economy expected to weaken further. *U.S. refinery issue raises Cushing oil stock concerns.
*Iraq to export near record volumes of Basra crude. *China's economy expected to weaken further. Benchmark North Sea Brent crude oil was up 60 cents at $50.26 a barrel by 0855 GMT.
LONDON, Aug 10- Plans for Iraq's semi-autonomous region of Kurdistan to tap international markets have been all but wiped out by falling oil prices, rising geopolitical tensions and a difficult backdrop for emerging economies, according to fund managers. Kurdistan is wedged between Syria, Iran and Turkey, which has launched air strikes against camps of the...
For those enlisted servicemen and servicewomen who muster out, job prospects have improved as the overall recovery continues to put more Americans to work.
Analysts say oil market fundamentals are very bearish, and it would not be surprising to see crude take a temporary dive into the $30s per barrel in the next several months.
Oil prices have now broken below many Wall Street targets and look set to test the year's lows and beyond, before finding a bottom.
BAGHDAD, Aug 3- Iraq's Kurdistan Regional Government said on Monday it would pay a portion of its revenue from direct crude oil sales to producers, in an apparent attempt to reassure foreign oil companies operating in the northern region. The move sets up semi-autonomous Kurdistan to continue independent oil sales, which it has increased since mid-June while...
Turkey's bombing campaign in Syria and Iraq has diverted attention from "exploratory talks" for a new governing coalition. However, Turkey's president is almost certainly seeking to reassert himself as Turkey's de facto executive.
*OPEC output up more than 1.7 mln bpd since policy shift. LONDON, July 31- OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices. OPEC supply has risen in July to 32.01 million barrels per day...
DUBAI, July 29- Zain, Kuwait's biggest telecom operator by subscribers, reported a 33 percent fall in second-quarter profit on Wednesday, extending a sustained earnings slump as difficulties in Iraq and a strong dollar hurt earnings. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 39.2 million dinars in...
Turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of Saudi Arabia's richest in years to come, according to a new report from WealthInsight.
U.S. oil futures closed below the psychologically important $50 level—possibly signaling more declines to come and a retest of the March lows.
United Continental gives free miles to hackers; Iraq looks to take back Anbar Province; and a new hotel in Japan is staffed with robots.
President Barack Obama comments on the role of the U.S. in solving problems in the Middle East.
*Brazil, Iraq seen as top global oil supply contributors. LONDON, June 30- Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry. Brazil and Iraq had been expected to add over 2...