Economic Report

Oil tops UN envoy’s meeting with LNA Chief

The United Nations envoy to Libya, Ghassan Salameh sought to persuade  Libyan National Army commander Khalifa Haftar to return the oil crescent region to the control of the National Accord Government of Prime Minister Fayez al-Sarraj. Salameh held talks with Haftar at his headquarters in al-Rajma outside of the eastern city of Benghazi,said a statement by […]

Economic Report

OPEC sees oil rebalancing under way, further inventory declines

OXFORD, England – An OPEC-led supply cut deal is helping to rebalance the global oil market, OPEC’s secretary-general said on Monday, and higher demand in the rest of this year should lead to further reductions in oil inventories. The Organization of the Petroleum Exporting Countries and other producers, including Russia, are reducing crude output by […]