Tag: Iraq

Falling oil prices shake up global economies

Dropping oil prices are having complex effects on economies around the globe that are only starting to be felt.  More »

Brent crude at a nearly 4-year low

West Texas intermediate crude dropped 8 cents to $85.74 a barrel on the New York Mercantile Exchange.  More »

Iraq follows Saudi price Cuts as Brent oil falls with WTI

Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009.  More »

Iran matches Saudi oil discounts in bear market for crude

Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia as global crude benchmarks slide deeper into a bear market.  More »

Oil bulls keep faith Saudi supply cuts will revive price

Ignore the talk of an OPEC price war, say crude market bulls. Oil’s next move was spelled out inSaudi Arabia’s own words.  More »

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 »
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