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Oil Gains on Escalating Iraq Violence as U.S. Warns of Spillover
2014-06-23 05:19:36| Energy - Topix.net
West Texas Intermediate rose for a third day and Brent gained as insurgents fighting Iraqi forces seized more territory and President Barack Obama warned that advances by militants may spill over into other countries.
Brent jumps to $115 as Iraq violence continues
2014-06-23 01:00:00| Offshore Technology
Brent crude increased above $115 a barrel today amid potential supply disruption worries caused by violence in Iraq.
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Iraq Crisis Should Make Us Thankful For America's Oil Boom
2014-06-21 14:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Slate: But the quiet response is also a sign of something bigger. It's a subtle demonstration of how North America's fracking-fueled oil boom is paying dividends by making the world market more resilient. Energy traders always add a fear premium onto oil. When instability (a raging civil war, for instance) hits a major petro-producer, prices race up, as buyers start to fret about potential nightmare scenarios that would cut off their supply. In the case of Iraq, that might mean attacks on pipelines or...
What happens in Iraq doesn't matter to US economy
2014-06-21 12:33:37| Beverages - Topix.net
More than a decade after the U.S.-led invasion, Iraq's economy remains in shambles and two-way trade outside the oil sector remains minimal.
Shale Boom Curbs Impact Of Iraq Unrest On Oil Market
2014-06-20 15:45:00| OGI
Nansen Saleri, formerly with Saudi Aramco and now with a Houston-based consulting company, said the "shale boom" prevented a "$20 to $30 rise in prices," according to Bloomberg.
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