Posts Tagged ‘iraqi’

Crude Falls Shy of $105 Close on Inventory Speculation and Geopolitical Tension

by Christopher Lemieuxon June 11, 2014 4:30 am BST
West Texas Intermediate (WTI) crude challenged $105 per barrel, but futures were unable to close above the key price level before trading lower ahead of today’s inventory report from the Energy Information Administration (EIA). Traders are speculating that inventories fell for the second consecutive week. Yesterday, the American Petroleum Institute (API) reported that inventories fell by […]

FEATURE-They’re buying what? US investors latch onto Iraqi dinar

by on November 15, 2012 9:35 pm BST
By Gertrude Chavez-Dreyfuss NEW YORK | Thu Nov 15, 2012 4:35pm EST NEW YORK Nov 15 (Reuters) - The U.S. stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn't lost his taste for risk. Lately he has turned to one of the chanciest investments in the world

Output boost lifts DNO earnings

by on November 15, 2012 10:15 am BST
DNO International boosted earnings in the third quarter as revenue surged on the recovery of production from its Kurdistan and Oman assets, enabling the company to pass the 100,000 barrel-per-day gross output mark for the first time.Earnings before interest, tax, depreciation and amortisation increased to Nkr267 million ($46.3

KOC sets well on fire after gas leak

by on October 18, 2012 4:18 am BST
The state-owned company said levels of the hydrogen sulphide gas from a well at the Rawdatain oilfield close to the Iraqi border were "far below danger levels", state news agency KUNA reported.The company said earlier on Wednesday that there had been an oil and gas leak at the