Crude Oil Price Hits May 2015 High At $67 Per Barrel

Oil price wednesday hit $67 per barrel for the first time since May 2015, before dropping to $66.27 despite the supply disruptions in Libya and the North Sea. The prices of both crude futures fell after hitting a near two-and-a-half year high in the previous session as analysts said the rally was gradually running out of… Please follow and like us:

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OPEC Decides Nigeria’s Oil Output Today

The Organisation of the petroleum exporting Countries (OPEC) will today debate on whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest. Two sources with knowledge of the matter told LEADERSHIP that the 14-member OPEC will meet today to decide whether to… Please follow and like us:

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Russia Has a Major Stake in Libya’s Uncertain Future

This article was originally published on The Conversation. Read the original article. Still wracked by conflict six years after the fall of Muammar el-Qaddafi, Libya is split between two rival governments. In the west is Fayez al-Sarraj’s Government of National Accord, based in Tripoli, and in the east a regional government under the control of General… Please follow and like us:

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Russia moving special forces into Libya

U.S., Egyptian and diplomatic sources say that Russia has apparently been moving special forces to an airbase in western Egypt near the border with Libya in recent days, according to a report by Reuters. The U.S. is concerned that such a Russian deployment may signify Russian support for Libyan military commander Khalifa Haftar, who suffered a… Please follow and like us:

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