Business News Iraq

  • *OPEC expected to continue supply cuts into H2 2019. SINGAPORE/ LONDON, May 21- Oil prices rose on Tuesday on escalating U.S.- Iran tensions and amid expectations that OPEC producers will continue to curb supply this year. "Escalating tensions between the U.S. and Iran, in addition to signs that OPEC will continue its production cut, drove oil higher," said Jasper...

  • SINGAPORE/ LONDON, May 21- Oil prices rose on Tuesday on escalating U.S.- Iran tensions and amid expectations that OPEC producers will continue to curb supply this year. "Escalating tensions between the U.S. and Iran, in addition to signs that OPEC will continue its production cut, drove oil higher," said Jasper Lawler, head of research at futures brokerage London...

  • A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas.

    Crude futures drew support from U.S.-Iran tensions and expectations of ongoing OPEC supply cuts, but trade war concerns weighed on prices.

  • SINGAPORE, May 21- Oil prices rose on Tuesday on escalating U.S.- Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year. "Escalating tensions between the U.S. and Iran, in addition to signs that OPEC will continue its production cut, drove oil higher," said Jasper Lawler, head of research at futures brokerage London...

  • *OPEC expected to continue supply cuts into H2 2019. SINGAPORE, May 21- Oil prices edged up on Tuesday on signs that producer club OPEC will continue withholding supply this year and as tensions between the United States and Iran escalated. A meeting has been scheduled for June 25-26 to discuss the policy, but the cartel is now considering moving the event to July...

  • "I think Iran would be making a very big mistake if they did anything," Trump told reporters as he left the White House on Monday evening for an event in Pennsylvania. His comments came as two U.S. government sources said the United States strongly suspects Shi'ite militias with ties to, and possibly encouragement from, Iran fired a rocket on Sunday into Baghdad's...

  • WASHINGTON, May 20- The United States strongly suspects Shi'ite militias with ties to, and possibly encouragement from Iran fired a rocket into Baghdad's heavily fortified Green Zone, two U.S. government sources said on Monday. The rocket fell in the Green Zone which houses government buildings and embassies and caused no casualties, the latest in a series of...

  • *Trump, Saudi Arabia warn Iran against Middle East conflict. NEW YORK, May 20- Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. West Texas Intermediate crude futures...

  • *Trump, Saudi Arabia warn Iran against Middle East conflict. NEW YORK, May 20- Oil prices rose to multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. A gathering of the so-called Joint Ministerial Monitoring Committee in...

  • *Trump, Saudi Arabia warn Iran against Middle East conflict. NEW YORK, May 20- Oil prices rose to multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. A gathering of the so-called Joint Ministerial Monitoring Committee in...

  • LONDON, May 20- Oil prices edged up to near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. OPEC data indicates oil inventories in the developed world rose by 3.3 million barrels month-on-month in March, and were 22.8...

  • LONDON, May 20- Oil prices steadied near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. OPEC data indicates oil inventories in the developed world rose by 3.3 million barrels month-on-month in March, and were 22.8...

  • *Lebanon to muddle through May debt maturity. LONDON, May 20- Lebanon's impasse in agreeing a credible fiscal reform plan and deteriorating global market conditions means it may struggle to refinance key foreign currency debts coming due this year, unnerving overseas investors. Lebanon's cabinet talks will convene again on Monday after about a dozen...

  • *Speculators raise COMEX gold longs in week to May 14. *$1,265 critical level for gold- analyst. Spot gold was broadly unchanged at $1,276.83 per ounce as of 0731 GMT, having fallen to $1,274.39, its lowest since May 3 earlier, in the session.

  • TOKYO, May 20- Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. Brent crude was up by 90 cents, or 1.3%, at $73.11 a barrel by 0604 GMT, having earlier touched $73.40, the highest since April 26. President Donald Trump...

  • TOKYO, May 20- Oil rose to multi-week highs on Monday after OPEC indicated it will likely maintain production cuts that have helped support prices this year, while tensions continued to escalate in the Middle East. Brent crude was up by 96 cents, or 1.3%, at $73.17 a barrel by 0227 GMT, having earlier touched $73.40, the highest since April 26. President Donald Trump...

  • BAGHDAD, May 19- A rocket was fired into the Iraqi capital Baghdad's heavily-fortified Green Zone, which houses government buildings and foreign embassies, on Sunday but caused no casualties, the Iraqi military said. The embassy in Baghdad and U.S. consulate in the Iraqi Kurdish regional capital Erbil evacuated non-emergency staff this week, out of apparent...

  • *Trump: conflict would be "official end" of Iran. President Donald Trump issued a new threat to Tehran on Sunday, tweeting that a conflict would be the "official end" of Iran, as Saudi Arabia warned it stood ready to respond with "all strength" and said it was up to Iran to avoid war. "If Iran wants to fight, that will be the official end of Iran.

  • BAGHDAD, May 19- A rocket was fired into the Iraqi capital Baghdad's heavily-fortified Green Zone, which houses government buildings and foreign embassies, on Sunday but caused no casualties, the Iraqi military said. The embassy in Baghdad and U.S. consulate in the Iraqi Kurdish regional capital Erbil evacuated non-emergency staff this week, out of apparent...

  • BAGHDAD, May 19- A rocket was fired into the Iraqi capital Baghdad's heavily-fortified Green Zone, which houses government buildings and foreign embassies, on Sunday but caused no casualties, the Iraqi military said. "A Katyusha rocket fell in the middle of the Green Zone without causing any losses," the military said in a statement, later specifying that it landed...