Lybia

French ex-president Sarkozy in police custody - media

Former French President Nicolas Sarkozy was being held in police custody today for questioning by magistrates looking into allegations of Libyan funding for his 2007 election campaign, Reuters reported citing an official in the …

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Turkey's soft power

Turkish President Recep Tayyip Erdoğan is on a five-day, four-country visit to Africa this week

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Oil prices decline on signs of higher output

  OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production. Output from the Organization of Petroleum Exporting Countries was 32.83 million barrels a day in September, …

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 Oil prices drop amid oversupply concern

Oil prices fell on Friday, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories. Brent crude was at $51.62 a barrel at 0652 GMT, down 28 cents (0.54%) from its last close. That …

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What oil price OPEC and Russia need?

In order to balance their budgets, largest oil-producing countries in the world require different price of "black gold". According to Bloomberg, this leads to disagreements over the need to reduce oil production level. …

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