• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 12 hours Even Shell Agrees with Climate Change!
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 12 days Does Toyota Know Something That We Don’t?

Breaking News:

OPEC Lifts Production in February

Editorial Dept

Editorial Dept

More Info

Premium Content

Lebanon Clashes With Israel Over Gas Exploration

Geopolitics & Conflict

Lebanon, in full crisis mode, has rejected Israeli gas exploration in a disputed area in the Levant Basin. Israel has already signed a contract for exploration with Halliburton. This isn’t an end to negotiations over the disputed area. Rather, Lebanon objects to the fact that while UN-sponsored negotiations are still ongoing, Israel has jumped the gun by signing a contract with Halliburton. Lebanese Prime Minister Michel Aoun said this week that all exploration would be frozen until there is a resolution on the disputed area. Negotiations began in the fourth quarter of 2020. The area in question is an 860sq km swath of the Mediterranean Sea (Zone #9). Negotiations are faltering at a time when Hezbollah is increasing its strength and maintains control of the area on the Lebanese-Israeli border.

The horse-jockeying for the top spot at Libya’s National Oil Company (NOC) has taken another twist, this time with the interim prime minister’s withdrawal of the suspension order for long-time NOC head Sanallah. As we noted last week, we do not believe it was ever the intention of the prime minister to remove Sanallah; rather, he was attempting to buy time by temporarily appeasing the new oil minister who is seeking Sanallah’s removal as various parties attempt to configure a new leadership for greater control over the country’s oil resources. The rift between oil minister Mohamed Oun and Sanalla is not likely over,…

Leave a comment
  • DoRight Deikins on September 24 2021 said:
    How sad! Poland doesn't want to bow to Brussels and freeze with the rest of Europe. What would Lech say!

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News