Tag: Iraq

Occidental profits fall 24 percent amid deflating crude prices

Occidental Petroluem said domestic oil production costs rose in the third quarter.  More »

WTI crude oil seen supported near $75 a barrel

Prices have tumbled more 20 percent from their June peak, meeting a common definition of a bear market.  More »

Islamic State fuels terrorist operations with oil production

Oil production has provided the extremist Sunni group with a significant source of revenue, even though the Islamic State produces only a fraction of the oil capacity from the territory it controls and likely sells its oil at a deeply discounted price on the black market.  More »

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 »
Page 1 of 812345...Last »