Oil prices rise up 2 % but oversupply concerns remain
Oil prices rose again boosted by a weaker dollar but worries over an ongoing supply glut capped gains. According to Reuters, Brent crude futures had…
British woman didn’t pay Dubai debt and under “house arrest” now
A British woman has been detained in Italy over an outstanding debt of almost $17,000 owed to a Dubai bank. Italian authorities questioned the woman,…
Turkey sent to Germany new list of “Gülen followers”
A spokesperson for German Interior Minister Thomas de Maziere has said they have received from Ankara another list of people and companies allegedly affiliated with…
Tourism sector of Qatar starts to feel squeeze of blockade
A boycott imposed by four Arab nations that accuse Qatar of supporting terrorism is squeezing the tourism sector and Doha’s hotels which would normally be…
Iran increased capacity at key oil terminal
Iran says it has increased the capacity of its largest oil terminal to as high as eight million barrels per day (bpd) – another indication…
Another chemical attack may be in Syria
The White House has warned the Syrian regime it will “pay a heavy price” if claims of the government preparing for another chemical attack prove to be…
Israel is bombing Gaza after rocket fire
The Israeli army has bombed targets in the Gaza Strip overnight after a rocket was fired from the blockaded Palestinian territory. Israeli attacks were recorded…
Iran: Europe should help promote dialogue in Persian Gulf
Iran’s foreign minister, Mohammad Javad Zarif, called on Europe on Monday to use its influence to promote dialogue in the Persian Gulf after Saudi Arabia,…
Embassy of Saudi Arabia denies telling citizens to avoid visiting Turkey
Saudi Arabia’s embassy in the Turkish capital Ankara has been forced to deny reports it warned citizens against visiting the country. The ministry denied issuing…
Oil era is gone
Oil and politics go hand in hand. After all, ‘a century of oil wars’ are now documented. Yet, interestingly enough, things are beginning to appear…