Brent Crude Oil Prices Near $116
The jump represented the largest weekly increase in two months
Iraq expels Turkish firm from oil exploration deal
The exploration deal was for a tract of land in oil-rich Basra…
Rebel Economy Wrap
US victory shines light on Egypt’s inexperience, energy problems
Egyptian-Cypriot gas exploration likely to raise tension with Israel
Foreign ministers of Egypt and Cyprus have said the prospect of cooperating…
Egypt and Cyprus to jointly explore Mediterranean deepwaters
The Cypriots have asked to use Egyptian expertise in reaching gas and…
EU tightens financial noose on Iran with new sanctions
Under the package, the EU bans all transactions between European and Iranian…
Chavez wins another six-year term in Venezuela
The socialist regime continues for more six years in Venezuela
Iran’s economy sags under sanctions
Ayatollah Ali Khamenei ordered Iran to adopt an "economy of resistance"