• 3 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 5 days Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 4 hours Clean Energy Is Canceling Gas Plants
  • 13 mins Rethinking election outcomes for oil.
  • 5 hours The Leslie Stahl/60 Minutes Interview with President Trump
  • 1 day GAME CHANGER: MIT Startup Commonwealth Fusion says Commercial Product by early 2030s ! THIS CHANGES EVERYTHING..
  • 4 hours The City of Sturgis Update on the Motorcycle Rally held there, and the MSM's reporting hence
  • 1 day OP article : "Trump blasts Biden Fracking Plan . . . "
  • 3 hours Australia’s Commodities Heartland Set for Major Hydrogen Plant
  • 3 hours China leaders meet to discuss proposed 5 year economic plan.
  • 2 days America's Frontline Doctors - Safely Start Living Again!
  • 21 hours Video Evidence that the CCP controls Joe Biden
  • 6 hours Irina Slav has a good article - Regarding Investors & Oil
  • 4 hours Saudi Oil Minister Abdulaziz said getting rid of oil "Far Fetched and Unrealistic". . True. . . but
  • 1 day Biden denies fracking ban
  • 2 days Is the coal industry on the way out?
Editorial Dept

Editorial Dept

More Info

Premium Content

A Threat Of War In The Middle East

Turkey is again making provocative moves on Greek territorial waters, deploying a ship to survey near the Greek island of Kasellorizo in what Greece claims is a violation of its sovereign rights, calling on the EU to impose sanctions on Turkey if it fails to cease and desist. 

This is yet another tie-in to Turkey’s meddling in Libya on behalf of the Government of National Accord (GNA), with whom it has redrawn maritime boundaries to insert itself into any oil and gas infrastructure projects pursued by the Israelis, Greeks, and Cypriots. 

In the meantime, there is no progress on a ceasefire in Libya that would allow for a restart of oil production. The National Oil Corporation (NOC) has detailed violent clashes this week in the Brega region--the country’s ‘Oil Crescent’--between the Petroleum Facilities Guard (PFG) and the Al-Saiqa militia. According to the NOC, both militias are controlled by Haftar, which suggests trouble in the General’s circles. The clashes were dangerously close to oil tanks in the area. 

Russian and Syrian mercenaries have occupied the Es Sider port and are camped out near the giant El Sharara oilfield to ensure a lockdown on behalf of Haftar’s LNA. There will be no ceasefire agreement until there is an agreement on revenues, which will not likely come before an audit on the central bank. But the problem is that Haftar appears to be at risk of losing control of the various militias fighting…

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News