Iraq budget moves toward passage
Iraq’s Parliament looks set to pass its 2016 budget, cutting spending projections as it grapples with collapsing state revenue from oil, political power struggles in Baghdad, and the war against Continue Reading
Seventy Britons killed in Syria and Iraq – Home Office official
Talha Asmal, believed to be the UK’s youngest suicide bomber, was killed in Iraq in June Between 750 and 800 Britons have gone to Syria and Iraq, and 70 have Continue Reading
China’s ‘national team’ owns 6% of stock market
China’s “national team” owns at least 6 per cent of the mainland stock market following the summer rescue to prop up prices, putting even more of the $4.2tn bourses into Continue Reading
Brazilian Senator and Banker Are Arrested as Petrobras Scandal Widens
A broad investigation into corruption at Petrobras , Brazil ’s state-owned oil company, widened on Wednesday with the arrests of a sitting senator and a billionaire investment banker who is Continue Reading
Analysis: China’s crude oil futures contract hits roadblock
The launch of China’s crude oil futures is likely to be delayed, possibly until the second quarter of 2016, as authorities take a fresh look at crude grades included for Continue Reading
Baker Hughes: US Oil Drillers Cut Rigs For 12th Week In Last 13
U.S. energy firms cut oil rigs for a 12th week in the last 13, data for the holiday-shortened week showed on Wednesday, a sign drillers were still waiting for higher Continue Reading
U.S. traffic is growing at fastest rate since 1997: Kemp
Traffic on U.S. roads is growing at the fastest rate in almost two decades, as cheap gasoline, coupled with a strong economy, encourages motorists to use their cars more. U.S. Continue Reading
Rail will temporarily fill Keystone XL vacuum
The rejection of the Keystone XL pipeline will put more oil on North American rails, but new pipelines will in time come to take up the slack, a report finds. Continue Reading
Canadian Oil Sands Cites Potential Suitors in Effort to Fend Off Suncor
Canadian Oil Sands holds the largest stake in the Syncrude oil-sands mining consortium. The interest by other parties may slow Suncor’s momentum ahead of a Dec. 4 deadline it has Continue Reading
U.S. gasoline prices this Thanksgiving are the lowest in seven years
Source: Provided by GasBuddy.com U.S. retail regular-grade gasoline prices continue to decline, averaging $2.09 per gallon (g) as of November 23, 73 cents lower than this time last year and Continue Reading