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An employee counts Egyptian pounds in a bank in Cairo, Egypt, November 3, 2016. (Reuters)
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The Kingdom of Libya flag flies in front of a refinery in Ras Lanuf in this March 8, 2011, Reuters
Shell Lifts Libya’s First Shipment in Five Years, Nigeria’s Exports to Drop in October
London- Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya’s Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday. “Libya is a significant resource holder...Caption:
A Moody’s sign on the 7 World Trade Center tower is photographed in New York. REUTERS/Mike Segar
Moody’s: Reduced Saudi Budget Deficit Credit Positive to Sovereign
Riyadh- Moody’s has affirmed that the drop in the Saudi budget deficit in the first six months of 2017 to less than the half compared to the same period in 2016 is a credit positive to the sovereign of the kingdom. Saudi Arabia has achieved a remarkable progress in...Caption:
A pump jack is seen during sunset at Lagunillas field in the eastern coast of Lake Maracaibo, Venezuela. Reuters
Oil Prices Drop from Nine-Week Highs
Cairo- While an OPEC and non-OPEC Technical Committee is meeting in Abu Dhabi Monday and Tuesday to discuss means of strengthening compliance with the agreement to reduce production, oil prices edged lower on Monday, sliding away from nine-week highs, as worries...Caption:
FILE – An employee works at the Tawke oil fields in the Kurdish region in northern Iraq, May 31, 2009 (AP)