Tag: Iraq

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 »

Texas oil production set to top No. 2 OPEC country

Texas now is pumping 36 percent of the nation’s oil, more than doubling its production in three years, according to new federal data.  More »

Oil price weakens ahead of China data

The price of oil declined Monday as markets waited for the preliminary reading of China’s manufacturing for June.  More »

Oil price steady after US spending grows weakly

The price of oil held steady on Friday as poor U.S. economic data raised the prospect of weak growth in energy demand while fears eased that fighting in Iraq would disrupt exports.  More »

Iraq militants launch fresh raid on oil refinery

Sunni militants launched a dawn raid Wednesday on a key Iraqi oil refinery they have been trying to take for days but were repelled by security forces, a commander on the scene said.  More »

Oil fluctuates as traders eye Iraq, US output

The price of crude oil fluctuated on Wednesday as investors monitored the turmoil in Iraq and weighed a report claiming U.S. export controls would be loosened.  More »

Oil price steady as investors eye Iraq conflict

Benchmark U.S. crude for August delivery dropped 14 cents to $106.03 per barrel.  More »

Iraq upheaval threatens oil development plans

The turmoil in Iraq has thrown the OPEC member’s ambitious plans to boost oil production into doubt, threatening to crimp its most vital economic lifeline.  More »

Five things to know about how Iraq’s turmoil affects oil markets

Sarah Haggas, an expert on the Middle East region for the energy team at consulting firm IHS, explains what you need to know about how turmoil in Iraq by militant group ISIS is affecting the energy sector.  More »

Oil prices end week with a slight gain

A battle for control of Iraq’s biggest refinery remained undecided.  More »
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