(Reuters) - A fire raging for almost a week at Libya's biggest oil port of Es Sider has destroyed up to 1.8 million barrels of crude and damaged seven storage tanks, causing total damage of $213 million, a top oil official said on Tuesday. The Es Sider terminal and nearby Ras...
Iraqi forces backed by Sunni tribes advanced into the town of Dhuluiyah north of Baghdad on Sunday in a new attempt to push out Islamic State group jihadists, officials said. In October, Iraqi forces retook most of Dhuluiyah from IS, but the jihadists later launched a...
The Saudi government, like the rest of the oil exporting countries, has lost 50 percent of its daily revenues ever since the price of the barrel dropped below $60. This shocker is only momentary. The Saudi government is wealthy enough to compensate for the shortfall and reduce some...