The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
* U.S company pulls foreign staff out of Iraqi oilfield
* Senior Iraqi oil official says measure is temporary
* West Qurna 1 oilfield operating at full capacity
* Washington-Tehran tensions spill over into Iraq
* U.S. evacuated some staff from Baghdad on Wednesday (Adds Exxon declining to comment and number of evacuated staff)
BASRA, Iraq/DUBAI, May 18 (Reuters) - Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq's West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday.
The evacuation came just days after the United States withdrew non-essential staff from its embassy in Baghdad, citing a threat from neighbouring Iran, which has close ties to Iraqi Shi'ite militia.
Production at the oilfield was not affected by the evacuation and work is continuing normally, overseen by Iraqi engineers, said the chief of Iraq's state-owned South Oil Company which owns the oil field, Ihsan Abdul Jabbar. He added that production remains at 440,000 barrels per day (bpd).
"Exxon Mobil's evacuation is a precautionary and temporary measure. We have no indication over any dangers, the situation is secure and very stable at the oilfield which is running at full capacity and producing 440,000 bpd," he said.
"The foreign engineers will provide advice and perform their duties from the company's Dubai offices and we have no concerns at all," Jabbar said, adding that production is managed by Iraqi engineers and the foreign staff were there mainly as advisers.
Exxon Mobil is the lead contractor in a long-term deal with Iraq's South Oil Company to develop and rehabilitate the oil field to increase its production. Exxon declined to confirm the evacuation.
"As a matter of practice, we don't share specifics related to operational staffing at our facilities," said spokeswoman Julie King.
"ExxonMobil has programmes and measures in place to provide security to protect its people, operations and facilities. We are committed to ensuring the safety of our employees and contractors at all of our facilities around the world."
Exxon Mobil's staff were evacuated in several phases late on Friday and early on Saturday, either straight to Dubai or to the main camp housing foreign oil company employees in Basra province.
Those in the camp were en route to the airport on Saturday morning, sources - including an employee at a security company contracted by Exxon, said Iraqi oil officials and a staff member of a foreign oil company.
"Last night 28 employees were evacuated to the airport and the rest were sent to the camp. This morning they were evacuated to the airport and no (foreign) staff remain in the field," said a private security company official who oversaw the evacuation.
Iraq sent an official letter to Exxon asking about the work hours of staff in Dubai and when they would return to the oilfield, because their absence affects costs and salaries, Abdul Jabbar said in an interview.
"There are over 1,700 people working in the oilfield, 1,300 are South Oil Company staff and 400 are Iraqis working with foreign companies. Only around 60 people have left and they're all advisors, administrators and finance staff."
Days of sabre rattling between Washington and Tehran have heightened tensions in the region amid concerns about a potential U.S.-Iran conflict.
Washington has increased economic sanctions and said it was building up its military presence in the region, accusing Iran of threats to U.S. troops and interests. Tehran has described those steps as "psychological warfare" and a "political game".
Separately, Abdul Jabbar said that Iraq's oil exports from its southern ports had reached 3.5 million bpd by Saturday. (Reporting by Aref Mohammed in Basra and Hadeel Al Sayegh in Dubai; Additional reporting by Gary McWilliams in Houston; Writing by Ahmed Aboulenein; Editing by Ros Russell and Jane Merriman)