Category: Middle East

Iraqi, Kurdistan lawyers face off in U.S. court over stranded tanker’s oil

An international oil dispute played out in U.S. courts on Friday, as the Kurdish Regional Government faced off against Iraq over a disputed tanker of Kurdish crude that’s been languishing off Galveston’s coast for nearly a month.  More »

Crude oil falls 1 percent to $96.41

Kurdish and Iraqi forces seized control of Iraq’s largest dam from Islamic State militants.  More »

Obit indicates Arkansas man was Apache supervisor slain in Egypt

Details in an obituary indicate the Apache Corp. worker killed in Egypt last week was a 28-year company veteran who mostly recently lived in Fayetteville, Ark.  More »

Slaying of Apache Corp. worker underscores dangers in Egypt

The shooting death of an Apache Corp. oil worker in Egypt last week underscored the dangers of working in Egypt’s remote oil patches, and may make investors nervous about the Houston company’s continued presence there.  More »

Tanker carrying disputed crude hasn’t moved or unloaded oil

A tanker remains anchored off Galveston two weeks after it arrived carrying 1 million barrels of crude it can’t unload because of a dispute involving ownership of oil produced in Iraq.  More »

Marshals won’t seize tanker’s oil unless it’s brought closer to shore

U.S. marshals won’t seize oil at the center of an ownership dispute unless smaller vessels transfer the oil from a tanker in the Gulf of Mexico and carry it closer to U.S. shores.  More »

Judge orders Kurdish crude seized if unloaded

A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude.  More »

Geopolitical tensions seen keeping oil prices high

U.S. benchmark crude fell 17 cents to $104.42 a barrel.  More »

Iraqi Kurds take over 2 northern oil fields

Kurdish security forces took over two major oil fields outside the disputed northern city of Kirkuk before dawn Friday and said they would use some of the production for domestic purposes, escalating a dispute the central government of Prime Minister Nouri al-Maliki.  More »

Oil demand up fastest since 2010 on China, IEA says

Global oil demand will rise at the fastest pace in five years in 2015 as China leads gains in emerging economies, the International Energy Agency said.  More »

Oil slips closer to $103 as supply fears recede

Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.  More »

Moody’s: Iraqi violence isn’t likely to affect oil company credit ratings

Sectarian violence in Iraq probably won’t affect credit ratings of major oil companies operating there, Moody’s Investors Services predicts.  More »
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