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The US is set to reopen its Libya embassy after 14 years
Plus: Opec+ is expected to raise its output targets again for September
Oil market buffers are “dangerously low,” IMF says
Plus: Egyptian contractors move closer to being licensed to bid on Saudi infrastructure projects
Sawiris, Al Nowais eye Morocco’s tourism industry
Plus: The war in the Gulf has seen oil producers lose USD 50 bn worth of crude receipts
Governments across MENA are looking for energy alternatives the disruption bites
A few years of tighter supply and higher prices is now the base-case scenario for the global LNG market
The IEA’s record 412 mn barrel oil release won’t close the gap — and Iran is making sure of it
The largest-ever emergency stockpile draw can deliver maybe 2 mn bbl/d. Hormuz is holding back 20 mn. Meanwhile, Tehran is…