Not Even OPEC Can Fix Oil Glut
Surprisingly strong crude output in the U.S. and Mideast over the past year pushed oil prices to their lowest levels in more than a decade. But for investors trying to Continue Reading
US criticizes Russia over civilian deaths in Syria
The United States criticized Russia on Tuesday for killing hundreds of civilians in airstrikes in Syria and accused Moscow of undermining hopes for a cease-fire between Bashar Assad’s government and Continue Reading
As Implementation Day nears, oil companies seek clarity on doing business in Iran
* Only nuclear sanctions on Iran to be lifted on Implementation Day * Terrorism and human rights sanctions will stay in effect * US trade embargo will also remain, barring Continue Reading
Iran moving away from ‘oil curse’
Iran is drifting away from an oil-centered economy greatly prone to spasmodic market volatility and turmoil, which has unfailingly stunted the country’s every bid for sustainable development. At their peak, Continue Reading
As U.S. Hails Iraqi Success in Ramadi, Focus Turns to Next Move in ISIS Fight
Photo Iraqi security forces patrolled in Ramadi, the capital of Anbar Province, on Tuesday. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images WASHINGTON — The Obama administration, anxious to showcase a Continue Reading
Iraq Plans to Sell Shares in $1.3 Billion Grand Faw Port Plan
Iraq aims to sell shares to the public in the $1.3 billion Grand Faw container port first proposed in 2011 before falling oil prices crimped the government’s ability to support Continue Reading
Saudi economic shake-up shows it is planning for cheap oil
Saudi Arabia’s planned cuts in spending and energy subsidies signal that the world’s largest crude exporter is bracing for a prolonged period of low oil prices. The OPEC heavyweight shows Continue Reading
As hydropower dries up, Tanzania moves toward fossil fuels
As drought continues to cripple its hydropower plants, Tanzania is struggling to produce enough electricity – and is moving toward using more fossil fuels to make up the shortfall. Hydropower Continue Reading
Egypt, Ethiopia, Sudan: Governments Sign Agreement Over Dam
Leaders from Egypt, Ethiopia and Sudan have signed an agreement designed to assuage Egyptian worries over the construction of the Grand Ethiopian Renaissance Dam, Egyptian Streets reported Dec. 29. Egypt Continue Reading
Venezuela: Opposition Denounces Challenge To Election Results
The secretary general of Venezuela’s opposition coalition denounced a move by the ruling United Socialist Party of Venezuela (PSUV) to challenge the results of the country’s Dec. 6 legislative elections, Continue Reading