Oil prices edge higher amid Libyan supply concerns

Oil prices saw a modest rebound on Thursday August 29, recovering from two consecutive sessions of declines. This uptick was largely driven by renewed concerns about potential disruptions to Libyan oil supplies. Brent crude futures increased by nine cents, or 0.11%, reaching $78.74 per barrel. Similarly, U.S. West Texas Intermediate (WTI) crude futures climbed by […]

GCC hails Libyan 6+6 committee’s compromise reached in Morocco

The Gulf Cooperation Council (GCC) summit, held in Doha on Tuesday, welcomed the Libyan Joint 6+6 Committee’s compromise reached during its June meetings in Morocco, as tasked by the Libyan House of Representatives and the High Council of State to prepare electoral laws. The compromise reached on laws governing the election of the head of […]

War Against Isis & Extremists in North Africa Tops U.S. Agenda

The US military strategists are planning to spend an additional $200 million on operations against the Isis and other extremist groups operating in North Africa. The focus on North Africa is part of a broader $7.5 billion package to fight Islamic State in Iraq, Syria and Afghanistan, outlined few days ago by Defense Secretary Ash […]