Iran, once OPEC’s second-largest oil producer, will be unable to sustain an increase in crude exports that support its economy when some measures to curb those shipments are eased, the International Energy Agency said.
Deutsche Bank AG reduced its crude price forecasts for 2014 by about $10 a barrel from this year on booming U.S. production and the prospect of an easing in supply disruptions in the Middle East and North Africa.
Javier Espinosa, a journalist for Spain’s El Mundo newspaper, and freelance photographer Ricardo Garcia Vilanova, were kidnapped in Syria by a group linked to al-Qaeda as they tried to cross the border into Turkey, El Mundo reported.
Gulf Keystone Petroleum Ltd. rose to the highest in a month in London after saying Excalibur Ventures LLC, representing a former U.S. special-forces captain, won’t appeal a court judgment over a stake in Iraqi oilfields.
After a month in Saudi Arabia’s rehabilitation center for would-be jihadis, Bader al-Anazi says he’s still angry at the killing of Sunni Muslims in Syria. He just doesn’t feel driven to join the war himself.