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Oil

Libya Shuts Down Foreign Oil and Gas Operations

Libya’s Government of National Accord (GNA) – the U.N.-recognized government currently under siege in Tripoli by one of the other major factions vying for control of the shattered country – on Thursday revoked the licenses of about 40 foreign oil and gas firms, including French giant Total.

FILE - In this Feb. 26, 2011, file photo, a Libyan man works at a refinery inside the Brega oil complex in Brega, eastern Libya. Libyan officials said Saturday, Sept. 7, 2013, oil exports have plunged to less than 10 percent of their pre-war levels. An official at Libya's National …

Saudi Arabia Wants to Capture Iran’s Oil Business

A source in the Persian Gulf region “familiar with Saudi plans” told Bloomberg News on Wednesday that Saudi Arabia has received “moderate requests from customers for shipments next month, including from former buyers of Iran’s oil.”

The Associated Press

Chinese Construction Company Rakes in Millions While Venezuelans Starve

Reuters on Tuesday took a close look at the adventures of the Chinese state-run CAMC engineering company, which somehow managed to pocket over a billion dollars from the socialist government of Venezuela for an agriculture project that never produced any food, even as the people of Venezuela descend into abject poverty and starvation.

BEIJING, Sept. 1, 2015-- Chinese President Xi Jinping, right, meets with Venezuelan President Nicolas Maduro in Beijing, capital of China, Sept. 1, 2015. (Xinhua/Li Xueren via Getty Images)

Iranian Foreign Minister Plans Visit to North Korea

Iranian Foreign Minister Mohammad Javad Zarif said in an interview with Iranian state media on Sunday that he will travel to North Korea in the near future. He said the date of his trip would be announced “soon.”

Iran FM says Tehran wants to rebuild Iraq after IS fight

Another Headache for Trudeau as Conservatives Take Oil-Rich Alberta

United Conservative Party (UCP) candidate Jason Kenney defeated Rachel Notley and the left-wing New Democratic Party (NDP) in Alberta on Tuesday, ending four years of NDP rule in the conservative-leaning province and moving oil-rich Alberta into the coalition lined up against scandal-plagued Prime Minister Justin Trudeau in the upcoming national election.

NAFTA talks likely to continue on sidelines of UN meeting: Trudeau

Saudi Crown Prince Meets with Xi Jinping in China

Saudi Crown Prince Mohammed bin Salman (MBS) met with Chinese President Xi Jinping at the Great Hall of the People in Beijing on Friday, capping a tour of Asia that was widely seen as the Saudis “pivoting to the East” after losing Western friends over the murder of Jamal Khashoggi. MBS also visited India and Pakistan on his way to China.

HANGZHOU, CHINA - SEPTEMBER 04: Chinese President Xi Jinping (right) shakes hands with Saudi Arabian Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud to the G20 Summit on September 4, 2016 in Hangzhou, China.

Russia Comes Out Swinging Against Venezuela Sanctions

Russia strongly denounced U.S. sanctions against Venezuela’s national oil company PDVSA on Tuesday, slamming the sanctions as an illegal attempt to overthrow what Moscow views as the legitimate government.

The Associated Press