BAGHDAD – Iraq’s self-ruled Kurdish regional government will export crude oil for the first time by early next year, a Kurdish official said on Wednesday.
Ashti Hawrami, the natural resources minister in the Kurdistan region, said an initial 100,000 barrels per day of crude oil from two northern Iraqi fields would be sent through a pipeline [...]
Oil Closes Below $50, Lowest Price Since May 2005
After rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight.
Oil prices fell to their lowest level in more than three years, falling below $50 a barrel on Thursday, after shedding close to $100 in four months [...]
A Nigerian crude oil pipeline was sabotaged in the Niger Delta and 22 Filipinos were arrested after their ship was intercepted for carrying stolen oil, a military spokesman said on Saturday. Skip related content
A crude oil pipeline that feeds into the Chevron-operated Escravos export terminal in Delta state was attacked late on Friday. No group [...]
MOGADISHU, Somalia (AP) — Nine Chinese oil workers were kidnapped in an oil-rich region of southwestern Sudan in the latest attack on China’s interests in the African country, officials said Sunday.
Sudanese officials blamed a Darfur rebel group for Saturday’s kidnapping, calling it a stab at development efforts in Sudan. The attack took place outside [...]
LONDON (Reuters) — Oil rose more than $5 to above $100 on Friday on expectations a comprehensive United States government plan would help battered financial markets.
Washington launched several multi-billion-dollar programs to guarantee holdings in money-market mutual funds and curb short-selling while developing a more sweeping plan to mop up toxic mortgage debt, sending global markets [...]
By CATRINA STEWART
MOSCOW (AP) — Russian stock markets fell sharply on Tuesday, weighed down by concerns over oil profits following a continuing slide in prices for crude and reports that the Kremlin might not support tax cuts for the industry.
The dollar-denominated MICEX index tumbled 9.1 percent, bringing it to a low of 40 percent below [...]
