Libya Ports Poised to Ship Oil as Workers Back After Clashes
Libya’s major oil ports of Es Sider and Ras Lanuf are resuming operations and preparing to export crude after a two-week halt in shipments due to military clashes in the Continue Reading
Russia enlarges military footprint in Libya
Libyan Field Marshall Khalifa Haftar, a fiery commander in eastern Libya, has declared war against radical Islamists, including the Islamic State and al-Qaida, but is controversial for perceived iron-fist tactics. Continue Reading
Egypt moves from electricity deficit to sufficiency
The opening of three major power plants in March was the latest in Egypt’s efforts to end its electricity shortage crisis. “Huge work is being done in this country to Continue Reading
Iran pulls first oil out of South Pars field
Iran says it pulled its first batch of oil ever out of the South Pars field complex in the Persian Gulf. Photo by Mojtaba Mohseni/Shana March 20 (UPI) — The Continue Reading
Who Gets Control Of Libya’s Oil As The Guns Go Silent?
The Libyan National Oil Corporation expects to soon regain control over the Es Sider and Ras Lanuf oil terminals, which were the point of clashes between the Libyan National Army Continue Reading
Libya Ports Poised to Ship Oil as Workers Back After Clashes
Libya’s major oil ports of Es Sider and Ras Lanuf are resuming operations and preparing to export crude after a two-week halt in shipments due to military clashes in the Continue Reading
Shrinking GDP, Surging Prices to Keep Nigerian Rates on Hold
Faced with a contracting economy, surging inflation and a rigid exchange rate, Nigeria’s central bank will have little choice but to keep its key interest rate unchanged on Tuesday. The Continue Reading
Misery Seen From Space Too Much for This Venezuela Bonds Fan
There are plenty of reasons why BlueBay Asset Management LLP cut its holding in Venezuelan bonds, from the empty shelves in the supermarkets of Caracas to a nationwide dearth of Continue Reading
How Tesla Just Tripled Its Earnings In China
Earlier this month, Tesla Inc reported that its revenues in China topped $1 billion in 2016, more than triple the revenues it generated there in 2015. The Chinese market was Continue Reading
PDVSA Said to Replace Refining Managers as Shakeup Deepens
Venezuela’s state oil company is replacing high-level managers at refining complexes and other divisions as it deepens a shake-up that began in January, according to people with knowledge of the Continue Reading