Source: Reuters
Oil prices fell over US US $2 a barrel to a five-year low in Asian trade on Monday, extending a steep sell-off after the Organization of the Petroleum Exporting Countries (OPEC) decided against cutting oil production last week, keeping markets well supplied.
Source: UPI
By: Fred lambert
BAGHDAD, Nov. 30 (UPI) — The prime minister of Iraq Sunday said at least 50,000 non-existent soldiers have been collecting salaries from the country’s military, revealing corruption in Iraqi ranks that some say led to the army’s collapse against extremists over the summer.
Source: Canada Free Press
By:Shahriar Kia
On Wednesday, 26 November 2014, patients in Camp Liberty adjacent to Baghdad International Airport held a rally protesting the medical siege imposed by the Iraqi government on the residents of this camp.
Source: Boston Hrald.com
A deal on how to restrict Iran’s nuclear activities, for which negotiations have been extended to June 30, will mean nothing unless Iran’s cheating is dealt with.
(Reuters) – Asian imports of Iranian crude fell below 1 million barrels per day (bpd) for a second time this year to a one-year low due to seasonal demand fluctuations, although the shipments were still up nearly a third from October last year.
(Reuters) – Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steel exports to Tehran, in a novel attempt to work around Western financial sanctions against the OPEC member state.
Source: The washington Post
The news in the markets is dramatic: Prices for West Texas Intermediate crude oil — often used as a benchmark of U.S. prices — dropped below $70 per barrel for the first time since 2010. This continues a dramatic price slump for oil, which cost over $100 per barrel as recently as June.
Iran is to send undercover agents to Camp Liberty disguised as family members of Iranian opposition movement, the People’s Mojahedin Organization (PMOI/MEK), in a smear campaign against the dissidents in Iraq, according to the National Council of Resistance of Iran (NCRI).
The regime has tasked the Nejat Association, a branch of Ministry of Intelligence and Security, to dispatch agents to the camp in Iraq, the group said based on the information obtained from inside Iran.
Source: Reuters
OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June.
Source: Reuters
The UN atomic agency will need more funds from member states to help pay for its monitoring of an extended interim nuclear deal between Iran and six world powers, it said on Wednesday.
