Chancellor George Osborne’s oil price fears over Iraq violence
Britain could provide logistical support for US strikes against insurgents in Iraq, Cabinet minister Iain Duncan Smith said amid reports of a Cabinet rift over the issue.
Britain could provide logistical support for US strikes against insurgents in Iraq, Cabinet minister Iain Duncan Smith said amid reports of a Cabinet rift over the issue.
Sunni militants besieging a key Iraqi oil refinery are regrouping to resume their assault, the army officer in charge of its defence has said.
Confusion surrounds the status of Iraq’s largest oil refinery, with witnesses reporting militants have hung their black banners at the site, while senior security officials claim the government still holds it.
There is on the PolicyMic website some marvellous old British Pathe footage of Iraq during the 1950s. It paints a picture of an ancient land once called Mesopotamia and people aware of their heritage.
North-east oil workers have started pulling out of Iraq as Islamic militants marching on Baghdad attacked the country’s biggest energy terminal.
The Beiji plant, Iraq's biggest oil refinery, has become the latest target of the escalating conflict in the country, raising concerns over production in the region.
Islamic militants have attacked Iraq’s largest oil refinery, 155 miles north of the capital Baghdad, security chiefs say.
Brent crude was projected by Wall Street analysts to average as much as $116 a barrel by the end of the year. Now, with violence escalating in Iraq, how far the price will rise has become anyone’s guess.
China has extended its help to Iraq.
Energy companies surged on the highest crude prices in eight months as violence in Iraq spurred supply concerns. The yen dropped with India’s rupee while the UK pound strengthened a second day and metals rose.
Al-Qaida-inspired militants have pushed deeper into Iraq’s Sunni heartland, conquering Saddam Hussein’s hometown of Tikrit as soldiers and security forces yielded ground once controlled by US forces.
Fighters from a breakaway al-Qaeda group are in position to seize energy infrastructure after taking control of Mosul in a strike that highlights Prime Minister Nouri al-Maliki’s weakening grip on the country. Tribal gunmen allied to the group are close to capturing Baiji, north of Baghdad and home to Iraq’s biggest refinery, Al- Jazeera television said. Baiji has a refining capacity of 310,000 barrels a day, according to the Energy Information Administration.
The revival in Iraqi oil output has stalled. Again.
Expro has landed a major contract to test oil wells for an onshore field in Iraq.