Non-OPEC crude oil supply is set to surge in 2010 and 2011by 51.8 mn barrels per day and 52.3 mn barrels per day respectively and susbequently face consecutive decline from 2012, according to an analysis by Bank of America-Merrill Lynch (BofAML). The optimism comes from expected production in news fields in Brazil, FSU, Norway, West Africa and Gulf of Mexico. If Iraq and Nigeria supplies increase as announced then crude oil would find it difficult to rise above $100 over the next decade, BofAML ...
A media rights watchdog on Saturday urged Russia to publish details of its probe into the murder of a rights worker after the Russian press reported that suspects had been identified.
Kuwaiti telecoms firm Zain, which is selling its African assets to India's Bharti Airtel, will concentrate on the Gulf and Middle East region and is open to new investments, its chief executive said on Tuesday.
The number of American soldiers killed in Afghanistan has reached 1,000, an independent website said on Tuesday, a grim reminder that eight years of fighting has failed to defeat Taliban insurgents.
Space programs, aircraft and ship maintenance, and helicopter upgrades are among $1.8 billion in priority weapons programs that were not funded in the Pentagon's fiscal 2011 budget, the military services told Congress in documents released Monday.
Gunmen shot and killed eight members of the same family and cut the heads off some of them on Monday in a mainly Sunni Muslim district southeast of Baghdad, a senior security official said.
Iran hopes to double trade with Iraq to $8 billion this year, an Iranian diplomat said on Sunday, shrugging off Western-backed sanctions aimed at curbing business with the Islamic Republic.
President Barack Obama on Thursday set up a bipartisan commission to tackle stubborn U.S. budget deficits, though many are skeptical Washington has the stomach right now for the tough remedies needed to address spiraling deficits and debt.
Iran's supreme leader accused the United States on Wednesday of war-mongering and of turning the Gulf into an arms depot, hitting back at U.S. accusations that the Islamic state was moving toward a military dictatorship.
Many Iraqis released by U.S. forces after being detained for suspected links to Sunni insurgents have been killed by tribes seeking revenge or are being driven back into the arms of al Qaeda.
Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time.
Vice President Joe Biden rejected assertions by Dick Cheney on Sunday that the Obama administration was soft on terrorism and waterboarding should have been an option for the suspect in an attempted Christmas Day airline bombing.
Spain is willing to take five inmates of the U.S. Guantanamo Bay prison, Foreign Minister Miguel Angel Moratinos said on Monday.
The United States believes Iran may be heading toward a military dictatorship and that its Revolutionary Guard Corps is supplanting its government, U.S. Secretary of State Hillary Clinton said on Monday.
Iraqi officials confirmed on Saturday that appeals by prominent Sunni politicians against a move to ban them from next month's election had failed, opening the door to sectarian recriminations that could mar the vote.
A U.S.-led NATO force began a long-planned assault on the Taliban stronghold of Marjah in Afghanistan's southern Helmand province on Saturday.
A U.S.-led NATO force of thousands of troops began a long-awaited assault on the last big Taliban stronghold in Afghanistan's violent Helmand province on Saturday.
Seven years after the U.S.-led invasion ushered in democracy, Iraqis making do with a few hours of power a day and living amid mounds of rubbish and pools of sewage wonder if they should vote in a March election
Chances of success for a NATO offensive in the last big Taliban bastion in Afghanistan's Helmand province may depend on ensuring the operation doesn't repeat the destruction of Fallujah in Iraq in 2004.
Iranians are struggling over the legacy and even the legitimacy of an Islamic revolution that triumphed 31 years ago this week. No compromise is in sight.
An Iraqi militant group said on Saturday it kidnapped a U.S. civilian contractor last month and was negotiating the release of the body of another.
The majority of the British public believes Prime Minister Gordon Brown should share the blame for the Iraq war with his predecessor Tony Blair, according to a survey on Wednesday.
