Smugglers selling Libya’s heavily subsidized gasoline and diesel abroad at jacked-up prices are likely using at least some of the profit to finance fighting between the country’s rival governments, according to a U.N. report.
A delegation of Israeli officials, including Israeli Intelligence Minister Yuval Steinitz, has traveled to France in a bid to hamper a deal on Iran’s nuclear program as marathon talks on the issue are entering a critical juncture.
Leading telecommunications operator in the UAE Etisalat hosted a one-of-its-kind industry event which shed light on information and communication technology (ICT) solutions for the country’s modernised energy sector.
Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States.
Iranian researchers from Semiconductor Devices Group of Shiraz University designed a sensor to detect hydrogen sulfide in oil drilling, oil refineries, coal mines and wells containing organic materials.