Middle-east Arab News Opinion | Asharq Al-awsat

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A Blu LNG filling station in Salt Lake City, U.S. state of Utah. Reuters

Oil Retreats from 8-week Highs

by Asharq Al-Awsat | Aug 20, 2016 | Business

London-Oil prices dipped on Friday, edging back from eight-week highs, amid speculation that there would be a deal next month on a production freeze. Brent crude was down 24 cents, or 0.5 percent, to $50.67 per barrel by 1:33 p.m. EDT (1733 GMT). The session peak was...

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President Muhammadu Buhari delivers 2016 budget at the National Assembly in Abuja, Nigeria December 22, 2015. REUTERS/Stringer

Nigeria Loses Africa’s ‘Biggest Economy’ Title

by Asharq Al-Awsat | Aug 14, 2016 | Business

Lagos- As oil rates plunge amid a tragic lack of security in the south, a massive humanitarian crisis in the north and a major power deficiency, Nigeria’s economy has collapsed within a 15-month time frame, losing the title of Africa’s biggest economy and number one...

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Saudi Arabia’s Oil Minister Khalid al-Falih

Saudi Minister: Algeria Meeting May Discuss Stabilizing Oil Market

by Asharq Al-Awsat English | Aug 11, 2016 | Business

The Kingdom of Saudi Arabia will work with both OPEC and non-OPEC oil producers to help stabilize oil markets, it said on Thursday a month ahead of an informal meeting of oil giants in Algeria. Members of the Organization of the Petroleum Exporting Countries ,OPEC,...

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Sarraj said he hoped the eastern parliament would still move to endorse his government, Reuters

Libya Oil Fields Raise Western Concerns..Demands on Handing Oil Wells to GNA

by Khalid Mahmoud | Aug 11, 2016 | Business

Cairo- The struggle for oil fields in Libya started taking on a higher note on Wednesday, after the national army announcing the abortion of two attacks launched against oil wells. Six Western countries including Britain, the United States and France expressed...

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A view shows damage at the scene after an airstrike by U.S. warplanes against Islamic State in Sabratha, Libya, in this February 19, 2016 handout picture. REUTERS/Sabratha municipality media office/Handout via Reuters

Libya: Government Forces Seize Neighborhood in Mid Sirte

by Khalid Mahmoud | Aug 9, 2016 | Middle East

Cairo- The media bureau of the Operation of “Al-Bunyan Al-Marsous” announced that the forces took over a neighborhood in Sirte and liberated hospitality palaces, previously occupied by ISIS. The bureau said this advancement took place after the government forces had...