Volatility in the oil markets continue, with prices set to plunge over the holidays, says John Kilduff. Here's why crude could fall to $30 a barrel.» Read More
Michael Fallon, U.K. defense secretary, says progress is being made in Iraq and ISIL is being pushed back.
Russia says it's in Syria to help fight ISIS but the real reason can be summed up in one word, says this former State Department advisor.
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 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...
Iraq is turning a blind eye to Russia's move into Syria despite US objections, says David Phillips.
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...
One indicator suggests conditions in Syria, while indeed dire, aren't perhaps as bad as they could be, at least not yet.
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.
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...
*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.
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.
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.
John Kilduff explains how oil, already in a bear market, could drop to the mid-$20s per barrel.
Thomas Friedman, New York Times columnist, shares his thoughts on establishing order in the Middle East amid chaos and dealing with ISIS.
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.