The United Kalavryta, shown in the Gulf in late July, about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Tanker’s fate unresolved after historic deal

Lawyers representing Baghdad and Erbil met for 20 minutes behind closed doors with a U.S. federal judge on Wednesday to discuss the case involving a tanker carrying Kurdish crude that has been trapped in legal limbo since late July but no action was taken.
Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Cheap oil is hitting these countries the hardest

The pain being felt in OPEC countries is likely being taken as good news in U.S. foreign policy circles.
(AP file photo/Hadi Mizban)

Oil rally fizzles as Kurds reach deal on exports with Iraq

The deal allows the shipment of 300,000 barrels a day of Iraqi Kirkuk blend to Turkey’s Mediterranean port of Ceyhan along a pipeline operated by the Kurds.
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi speaks to journalists at OPEC's meeting in Vienna. (AP Photo/Ronald Zak)

Saudi-Venezuela OPEC split plays out behind closed doors

The disagreement cements the formation of two camps that had been brewing for weeks within OPEC.
The Citadel of Irbil looms over a market where people shop for secondhand goods in downtown Irbil, 217 miles (350 kilometers) north of Baghdad, Iraq, Sunday, Nov. 16, 2014. The semi-autonomous Kurdish Regional Government has struggled to stabilize the local economy in the face of a militant onslaught and an expensive financial dispute with the Iraqi central government in Baghdad. (AP Photo/Bram Janssen)

Iraq reaches major oil deal with Kurds

Earlier this year, Baghdad cut the 17 percent of the state budget that is supposed to go to the Kurdish region.
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon Oil, Total strike oil in Kurdistan

The Houston-based independent oil and gas company said Monday that the Jisik-1 exploration well discovered multiple stacked oil and natural gas producing zones at its Harir Block in the northern reaches of Iraq.
(AP Photo/Nabil al-Jurani, File)

Working overseas dangerous, lucrative for oil and gas employees

Terrorist groups have increasingly been targeting oil and gas workers for their lucrative kidnapping ransoms.

What OPEC’s Thanksgiving meeting means for U.S. producers

The group will decide Thursday whether to maintain its current production quota of 30 million barrels of oil per day or reduce that figure in an effort to boost crude oil prices.

OPEC timeline: War, terror punctuate annual Vienna meetings

The Organization of Petroleum Exporting Countries has had a tumultuous 54-year history.
Russian Energy Minister Alexander Novak. (Andrey Rudakov/Bloomberg)

Russian oil-output cuts to support OPEC seen as unlikely

Brent crude oil futures rose as much as 0.8 percent to $80.30 a barrel in London trading Tuesday.