Economy

Oil falls after record U.S. shale output forecast



Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year.

 

Brent futures eased by 53 cents to trade at $65.92 a barrel by 1312 GMT, still within sight of Monday’s high for the year of $66.83. U.S. futures were at $55.77 a barrel, down 31 cents, having touched a 2019 peak of $56.39 earlier.

 

“Brent is trading in a narrow corridor at around $66.5 per barrel, while WTI is at around $56,” Commerzbank analysts said in a note.

 

“This still leaves them within spitting distance of the three-month high they achieved at the start of the week ... It seems that the sharp rise in oil production in the U.S. is...
Read more »


 

In Pictures...The representative of the Patriotic Union in France


The representative of the Patriotic Union of Kurdistan in France intensified its activities in France, on the instructions of the Political Bureau and external relations, in order to defend the gai...


»  Detained Kurdish refugee wins top Australian prize for book written on his phone
»  Miss Kurds in Australia sends aid to Ranya
 

Bafel Talabani: Another intra-Kurdish conflict will not happen


Sulaymaniyah, Iraq - Over the past year, Iraq has seen a number of major political developments, including the fallout of the Kurdish independence referendum, the May national elections, and the Se...


»   Kurdish novelist Burhan Sonmez: ‘The only way out is to criticise loudly’
»  PUK delegation reveals the main topics of the meetings in Baghdad
 

New Findings Show Lack of Durable Solutions for Displaced Iraqis


The International Organization for Migration (IOM) has identified 1.8 million displaced Iraqis, while 4,000 families live outside the camps.

 

The organization said in a report...


»  Terrorist organization of ISIS depends on women in recruitment
»  #JusticeForJamal campaign culminates with call for administration to respond to Senate inquiry

Caricature