Tag: Iraq

Kurdistan says tanker dispute has no place in U.S. courts

The Kurdistan Regional Government fired back in an ongoing battle over a tanker of crude trapped in legal limbo off Galveston’s coast on Monday, asking a judge to dismiss Iraq’s requests to seize the contested cargo.  More »

Iraq’s attorneys again ask judge for crude seizure

Iraq’s attorneys once again asked a federal judge to seize 1 million barrels of contested crude, claiming that the tanker floating off the coast of Galveston since late July plans to offload and sell its cargo within the United States. Kurdistan in court has explicitly not confirmed or denied whether it owns the crude, leading […]  More »

Tanker ruling comes at critical time for Kurdistan under siege by militants

A federal judge’s ruling that technically clears the way for a contested tanker of crude to be offloaded in the United States comes at a critical time for Kurdistan, which urgently needs a large infusion of cash to defend itself against Islamist militants.  More »

Judge lifts order for seizure of disputed oil from tanker

A judge has lifted an order for marshals to seize disputed crude if it’s brought to U.S. waters from a tanker anchored off Galveston, but it’s unlikely the crude will reach port anytime soon.  More »

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 »

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 »

Houston refinery no longer will buy Kurdish crude

Chemical giant LyondellBasell acknowledged past purchases of modest amounts of what it called “Iraqi crudes” to process at its Houston refinery but said future buys have been canceled until the ownership dispute is settled.  More »

Gasoline prices hit lowest Aug. 1 price in four years.

Drivers across the country are experiencing their lowest Aug. 1 gasoline prices in four years as traders’ concerns about instability in Iraq and Ukraine start to ease, analysts at GasBuddy said.  More »

Company hired to offload crude no longer obligated to perform the job

The company hired to offload a disputed load of Kurdish crude is off the hook from carrying out that contract.  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 »

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 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 »
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