Tag: Iraq

Tanker dispute lingers as oil policy negotiations begin in Iraq

As Iraq irons out some of its oil policy differences at home with the Kurdistsan Regional Government, the two remain locked in a dispute in U.S. courts over a tanker of crude that arrived nearly four months ago off Galveston’s coast carrying cargo Iraq claims was stolen.  More »

Iraq’s biggest oil plant to reopen after militants ousted

Iraqi troops will expel the militants from areas near a pipeline supplying the refinery 130 miles north of Baghdad.  More »

Goldman says OPEC in dilemma as output cut seen helping U.S.

While the slide in prices into a bear market increases the chances of a reduction, trimming output by more than 500,000 barrels a day would mean further cuts are needed starting 2016 as higher prices prompt more U.S. drilling.  More »

Oil slide prompts Iran’s oil minister to visit UAE

OPEC producers have stepped up their diplomatic visits before the group’s meeting in Vienna, potentially seeking a consensus on how to react to oil prices at a four-year low.  More »

Iraq wants tanker dispute to stay in U.S.

Iraq wants an international dispute over a tanker of crude floating for three months off Galveston’s coast to remain in U.S. courts because Kurdistan refuses to resolve the matter on Iraqi soil, according to recent court filings.  More »

Saudis reject talk of OPEC market share war as oil slides

Brent crude futures plunged below $80 yesterday for the first time since September 2010 on concern OPEC is in no hurry to halt a four-month slide in prices.  More »

China seen overtaking U.S. as world’s biggest oil user

Growth in oil demand to 2040 will also be driven by India, Southeast Asia, the Middle East and sub-Saharan Africa, the IEA said.  More »

Threats to global oil supply still exist, IEA says

The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.  More »

Iraqi forces retake most of strategic oil town

Iraqi soldiers battling the Islamic State group recaptured most of the town of Beiji, home to the country’s largest oil refinery.  More »

Iraqi ambassador says negotiations continue with Kurdistan over oil

Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute.  More »

OPEC’s weak links feeling pain

While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly.  More »

OPEC oil basket price falls below $80 to least in 4 years

U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month.  More »

Brent oil has longest run of weekly losses since ’02

Traders are split on whether Saudi Arabia will deepen the crude price cuts that propelled oil into a bear market this month.  More »

OPEC in ‘price war’ as Iraq says members fight for market

Crude prices have collapsed more than 20 percent from their June peak, meeting a common definition of a bear market.  More »

Report: Look for offline oil, find political unrest

Oil production around the globe is a canary in the coal mine, with major disruptions providing a strategic warning about growing instability and persistent violence around the world.  More »
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