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In a file picture taken on February 28, 2012 a motorist fills up at the gas pump in a gas station of the French northern city of Lille. AFP
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Civilians who fled their homes following clashes on the outskirts of Falluja, gather in a school on the outskirts of Garma, Iraq, June 2, 2016.-REUTERS/Thaier Al-Sudani
Aden’s Fuel Crisis to Be Solved
Aden – Governmental sources revealed that Aden power station has been refueled after three ships docking in oil harbor have been emptied. The ships were carrying fuel for power stations, some of which were about to shut down due to the worsening fuel crisis. Sources...Caption:
Oil Prices to Average $40, Biggest Cut in 2016
Oil Prices to Average $40, Biggest Cut in 2016
Reuters – Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels hits an already-saturated world market, a Reuters poll showed on Friday. The survey of 29 economists and analysts forecast...Caption:
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen
Oil Falls 3 Percent on Swelling Oversupply
Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market. This fall lead to wiping out much of the gains made in one of the biggest-ever daily rallies last week. Brent crude, the global benchmark, was...Caption: