Why Oil Markets Need New OPEC+ Cuts
As oil prices approach $70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a Continue Reading
Libyan military strongman orders his forces to march on Tripoli
The order to march on the capital came as Antonio Guterres, the UN secretary general, was in the city to push for a political solution that includes a national conference, Continue Reading
Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop ‘NOPEC’
Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Continue Reading
Homes and people swept away in Iran floods
Rescue operations are under way across Iran as the death toll from severe flooding has reached more than 60. There are new warnings that dams in some areas could overflow, Continue Reading
Libya crisis: General Haftar tells forces to take capital
Gen Haftar’s forces were pictured in the southern town of Sebha last month The leader of forces in eastern Libya has ordered them to march on the capital Tripoli, the Continue Reading
New Offensive Brings Libya To The Brink Of War
Forces loyal to Libya’s eastern strongman General Khalifa Haftar are advancing west toward the capital Tripoli in a renewed confrontation between the rival administrations that could escalate and threaten to Continue Reading
What’s Next For Algeria As Bouteflika Steps Down
What does the resignation on April 2, 2019, of Algerian Pres. Abdelaziz Bouteflika mean for the future of his country and the region, and why was the Algerian military so Continue Reading
Nigeria Struggles To Keep Oil Production At Quota Levels
Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu admitted that reducing oil production to the quota assigned by OPEC is a challenge, not least because of the start of production at the Continue Reading
Tanzania To Begin Talks With Majors On $30B Deepwater LNG Project
Tanzania’s government will start this month talks with major international firms to define the commercial terms for a deepwater liquefied natural gas (LNG) project off the coast of the east Continue Reading
Nigeria: NNPC to Search Deeper for Oil in the North
The Nigeria National Petroleum Corporation (NNPC) has pledged to deepen its search for oil in the north. The corporation has also described the Dangote Refinery, currently under construction, as a Continue Reading