The United Arab Emirates’ energy minister said on Monday that the use of the U.S. dollar as the main oil trading currency could not be changed overnight. “Trading with the Continue Reading
The U.S. military said it pulled a small contingent of American forces from Libya as the country teetered on the brink of full-scale civil war, with fighting continuing around the Continue Reading
Gen Haftar’s forces prepare for Tripoli battle Libya’s UN-backed government says 21 people have been killed and 27 wounded in fighting near the capital, Tripoli. US Secretary of State Mike Continue Reading
Saudi Arabia threatened to use the “nuclear option” of undermining the petro-dollar if the U.S. moves forward with the NOPEC bill. The U.S. Congress has been mulling legislation , known Continue Reading
Libya is heading for a military showdown as East Libyan strongman General Haftar has initiated a full confrontation with the UN-backed West-Libyan GNA Al Serraj government, based in Tripoli. After Continue Reading
Saudi Arabia has gone nuclear, threatening the petrodollar . Or has it? The report from Zerohedge via Reuters that Saudi Arabia is angry with the U.S. for considering a bill Continue Reading
The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressure in Europe. But steady Continue Reading
Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy. He stated this at Continue Reading
U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as Continue Reading
The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of Continue Reading
