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A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver/File Photo
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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
Oil Markets Undergo Mass Movements, Prices Inch USD50 per Barrel
Cairo- Oil markets’ trading underwent uninterrupted movements on spot and futures contracts. Aside from the trading session, movements were mass prior to the scheduled meeting in Algeria among Organization of the Petroleum Exporting Countries (OPEC) and Russia on the...Caption:
Smoke rises over the parliament area after troops of Gen. Khalifa Hifter targeted Islamist lawmakers and officials at the parliament in Tripoli, Libya, Sunday, May 18, 2014. (AP Photo/Libyan National Army)
Brent rises over $110 on Libya violence, fall in output
London, Reuters—Brent crude rose above 110 US dollars a barrel on Monday on renewed concerns over Libya’s oil output following some of the worst violence in Tripoli since the 2011 war against Muammar Gaddafi. Heavily armed men stormed Libya’s parliament on...Caption:
File photo—In this Friday, November 22, 2013, file photo, Robert Oswald, right, works with fellow traders work on the floor of the New York Stock Exchange. World stock markets rose Monday, November 25, 2013, after Wall Street posted its seventh straight week of gains and a nuclear deal between world powers and Iran boosted sentiment. (AP Photo/Richard Drew, File)
Insurance relief in Iran nuclear deal may lift oil sales
Dubai, Reuters—The easing of a ban on European insurance for shipments of Iranian oil may lift Iran’s crude exports to big oil buyers in Asia, including India and China. The easing of EU shipping insurance sanctions was part of a deal on Sunday between Iran and...Caption:
Russian President Vladimir Putin (C) chairs a meeting with members of the Security Council at the Novo-Ogaryovo residence outside Moscow, September 9, 2013 (REUTERS/Michael Klimentyev/RIA Novosti/Kremlin)