The assassination of SSA commander Abdel Ghani al-Kikli has plunged Tripoli into violent clashes. Despite renewed oil sector optimism, Libya’s energy infrastructure remains under militia control. Big Oil’s bets on a production rebound ignore the geopolitical and security risks that now threaten every barrel. On May 12, Tripoli plunged into chaos following the killing of Abdul …
Oil futures prices jumped by 3% on Tuesday, following the looming threats of sanctions against Iran. United States President Donald Trump threatened Tehran with “maximum pressure” in order to slash Iranian oil exports to zero if the country rejects a peaceful and economic deal with the US. West Texas Intermediate (WTI) for deliveries in June jumped …
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Israeli Prime Minister Benjamin Netanyahu met on Tuesday with reserve injured soldiers, telling them that in the coming days, the Israeli army will “go into Gaza with full might.” “You are an example and a role model, and with your spirit we are heading for complete victory,” he told them, while reiterating that Hamas must …
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The United States and China agreed to temporarily lower tariffs on goods from the other country, the two sides said in a joint statement on Monday. Washington agreed to cut duties on Chinese goods from 145% to 30% for 90 days, while Beijing agreed to lower levies from 125% to 10% during the pause. “After …
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US stocks surge at market open on US-China trade truce The two countries agree to temporarily lower tariffs S&P 500 on verge of erasing year-to-date losses Gold extends losses as haven demand sinks; dollar rises
The United States and China have agreed to temporarily lower tariffs on each other’s products, resulting in a significant jump in oil prices. Both WTI and Brent crude saw increases as the market reacted positively to the news of easing trade tensions. Discussions between U.S. and Chinese officials will continue to address economic and trade …
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Tensions are growing between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu over diverging strategies on Iran and Gaza, NBC News reported Sunday. Once closely aligned, the leaders are at odds over military action and diplomacy in the Middle East. Netanyahu is pushing for strikes on Iran’s nuclear sites, while Trump prefers negotiating …
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President Donald Trump is set to receive a Boeing 747-8 jumbo jet from Qatar’s royal family, which will serve as Air Force One during his current term before transferring to the Trump Presidential Library Foundation in 2029, ABC News reported Sunday. The aircraft, dubbed a “palace in the sky,” is estimated to be worth $400 …
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Saudi Aramco’s net income declined 4.6% to 97.5 billion riyals in the first quarter due to lower crude prices The company’s total dividend for the quarter fell to $21.36 billion, compared with $31 billion in the same three months of last year, which will add to the strain on the Saudi budget Brent contracts are …
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French President Emmanuel Macron underlined on Saturday during a press conference that Russia will be hit with “massive [and] coordinated” sanctions if it refuses to accept and violates a 30-day ceasefire with Ukraine, which is supposed to begin on May 12. “In the event of a violation of this ceasefire, we agree that massive sanctions …
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