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Why Oil Bulls Aren't Backing Down

Why Oil Bulls Aren't Backing Down

While there is still plenty…

Exxon Shocks As Oil Reserves Drop By A Third

Exxon Shocks As Oil Reserves Drop By A Third

Exxon slashed its oil reserves…

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Editorial Dept

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The Beginning Of The End For Libya’s Civil War?

Politics, Geopolitics & Conflict

- In Libya, it’s not a good sign for General Haftar that the UAE - his ally - has publicly backed the Tripoli-based Libyan National Oil Company (NOC) after the general launched a bid to replace the board of an eastern unit of the NOC. There are some indications that the LNA strongman is giving in to some extent. Late on Wednesday, Haftar stated that he would be open to dialogue amid his offensive on Tripoli, which contradicts his continual rejection of UN talks to end the conflict. The UAE, which has been materially supporting Haftar’s push on Tripoli, seems to have lost its taste for expensive conflict, and the writing on the wall became clearer earlier this month when it abandoned ally Saudi Arabia in Yemen and launched a second separatist front in this conflict in the south.

- As protests rock Egypt’s main cities, Israel and Egypt have ostensibly cleared the last hurdle to exporting Israeli gas to Egypt. Holding up the deal was a transport obstacle and Israel’s unwillingness to provide an offshore pipeline to run gas from the Tamar and Leviathan gas fields to feed the Egyptian grid. The new deal will allow Eastern Mediterranean Gas (EMG) to links its pipeline to the Israeli city of Ashkelon to el-Arish in Egypt’s Sinai Peninsula (where we note there are plenty of security concerns). This is a deal between private companies, rather than the Egyptian government. The benefit for the Egyptian government…





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