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Business Iraq


  • OPEC oil output rising, boosted by Iraq: Survey Wednesday, 30 Sep 2015 | 10:46 AM ET
    Iraqi Southern Oil Company engineers look towards the flares in the Zubair oil field in southern Iraq.

    OPEC oil output has risen in September from the month before, a Reuters survey found on Wednesday, as Iraq's northern exports recovered from disruption.

  • OPEC oil output rises in September, led by Iraq - survey Wednesday, 30 Sep 2015 | 10:24 AM ET

    *OPEC output up almost 1.5 million bpd since policy shift. LONDON, Sept 30- OPEC oil output has risen in September from the month before, a Reuters survey found on Wednesday, as Iraq's northern exports recovered from disruption that had halted supply growth from the group's second-largest producer. OPEC supply has increased in September to 31.68 million barrels...

  • Why is Iraq ignoring US concerns about Russia? Wednesday, 30 Sep 2015 | 7:53 AM ET
    Armed masked man in Syria

    Iraq is turning a blind eye to Russia's move into Syria despite US objections, says David Phillips.

  • 16 Turkish workers kidnapped in Iraq are released Wednesday, 30 Sep 2015 | 2:43 AM ET

    BAGHDAD— Sixteen Turkish workers kidnapped from a construction site in Baghdad and held for nearly a month were released on Wednesday, Turkey's prime minister and Iraqi officials said. In Baghdad, the spokesman for the city's military command, Brig. After their abduction, a video from a previously unknown militant group showed the hostages and demanded that...

  • BASRA, Iraq, Sept 28- Iraq's southern oil exports will rise modestly to around 3.25 million barrels per day in 2016, the head of state-owned South Oil Company has said, as the country struggles to boost production in the face of slumping crude prices. Shipments at the southern port of Basra, which include exports from supergiant fields supervised by SOC and other...

  • This suggests Syria is not as bad as it could be Sunday, 27 Sep 2015 | 4:00 PM ET
    Soldiers on patrol in Syria.

    One indicator suggests conditions in Syria, while indeed dire, aren't perhaps as bad as they could be, at least not yet.

  • Migrants stranded as EU border crackdown continues Friday, 18 Sep 2015 | 5:47 AM ET
    Migrants walk on a dirt road as they approach the Croatian border near the town of Sid, Serbia, September 18, 2015.

    More than 17,000 migrants have entered Croatia since Wednesday, and were essentially trapped there. The NY Times reports.

  • Iraq warns foreign oil firms of cut in funds Monday, 14 Sep 2015 | 3:55 PM ET

    DUBAI, Sept 14- Iraq has told foreign companies developing the country's southern oilfields that they may need to slash development spending next year because it has less money to pay them due to a slump in crude prices. In a letter dated Sept. 6 sent to international oil companies and seen by Reuters, the oil ministry said "because of the drop in our oil sales...

  • SINGAPORE, Sept 14- Iraq aims to export a record volume of Basra crude from its southern terminals in October as it ramps up production, adding to a global oil supply glut. Iraq, the largest OPEC producer after Saudi Arabia, plans to export 3.68 million barrels per day of Basra crude, traders said on Monday, citing a preliminary loading programme.

  • Why China's not the only one selling FX reserves Sunday, 13 Sep 2015 | 9:00 AM ET
    Saudi Arabian riyals

    China's not the only central bank in town selling reserves to cope with a tumultuous global economy. The Saudis have been doing it for months.

  • WASHINGTON, Sept 10- Signs of hope are scarce in the Middle East, a region awash in violence, civilians fleeing crumbling states, and economies built largely on oil squeezed by a dive in global prices. But Amos Hochstein, the U.S. energy envoy, sees some long-term potential for natural gas development to help provide economic security from Iraq to the eastern...

  • NYMEX-U.S. crude nudges higher on weaker dollar Thursday, 3 Sep 2015 | 8:25 PM ET

    *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...

  • Europe's migrant and refugee crisis in photos Thursday, 3 Sep 2015 | 2:18 PM ET
    Hungarian policemen stand by the family of migrants as they wanted to run away at the railway station in the town of Bicske, Hungary, September 3, 2015. A camp for refugees and asylum seekers is located in Bicske.

    People displaced by wars in Syria, Iraq, and Afghanistan are fleeing to Europe, where leaders are divided over how to handle the influx.

  • How long can the Saudis hang on with cheap oil? Wednesday, 26 Aug 2015 | 1:52 PM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    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.

  • 7 stocks to play oil selloff: Lipow Monday, 24 Aug 2015 | 11:47 AM ET

    Oil prices may not recover until after Q1 2016 but it’s not all bad news for the sector, says oil analyst Andy Lipow. Here's how to play it.

  • Oil could drop into the $20s: Kilduff Thursday, 20 Aug 2015 | 1:08 PM ET
    Oil rig workers crude oil

    John Kilduff explains how oil, already in a bear market, could drop to the mid-$20s per barrel.

  • Order vs. disorder in Mideast: Tom Friedman Wednesday, 19 Aug 2015 | 7:52 AM ET
    Order vs. disorder in Mideast: Tom Friedman

    Thomas Friedman, New York Times columnist, shares his thoughts on establishing order in the Middle East amid chaos and dealing with ISIS.

  • US probes whether Islamic State used chemical weapons Thursday, 13 Aug 2015 | 8:10 PM ET

    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.