Post Tagged with: "Middle East"

This is what’s really wrong with oil

February 15, 2016 9:45 PM0 comments
This is what’s really wrong with oil

This is what’s really wrong with oil In mid-2014, crude oil prices were about $100, depending on which grade you wanted to buy. Now prices hover near $30—roughly a 70% decline in 18 months. The ongoing oil price collapse is having a severely negative impact on the wealth of those […]

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3 Years After Arab Spring, Democracy’s Future In Middle East Still Uncertain

October 5, 2013 9:47 AM0 comments
3 Years After Arab Spring, Democracy’s Future In Middle East Still Uncertain

CAIRO — “For too long, many nations, including my own, tolerated, even excused, oppression in the Middle East in the name of stability… We must help the reformers of the Middle East as they work for freedom, and strive to build a community of peaceful, democratic nations.” — President George […]

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UN Security Council demanding aid access in Syria

September 30, 2013 5:17 PM0 comments
UN Security Council demanding aid access in Syria

UNITED NATIONS — The president of the U.N. Security Council said Monday that many members are pressing to follow up on last week’s resolution to eliminate Syria’s chemical weapons with a demand that the government allow immediate access for desperately needed humanitarian aid. Australian Ambassador and council president Gary Quinlan […]

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eMediaWorld.com Reports Markets drift after mixed US retail sales data

September 14, 2013 9:56 AM0 comments
eMediaWorld.com Reports Markets drift after mixed US retail sales data

LONDON — A mixed set of U.S. retail sales data did little to alter the cautious mood in markets Friday as investors geared up for next week’s crucial meeting of the U.S. Federal Reserve. Ongoing uncertainty over Syria also kept a lid on sentiment. Though retail sales in August rose […]

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eMediaWorld.com Reports Oil prices soar to 2-year highs on Syria fears

August 28, 2013 4:59 AM0 comments
eMediaWorld.com Reports Oil prices soar to 2-year highs on Syria fears

Fears about impending war in the Middle East have seen the price of oil surge to a 2-year high – and it might not stop there. The threat of military action in Syria has pushed oil prices to new highs, fuelling fears they could surge even further. New York oil […]

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eMediaWorld.com Reports Egypt’s ousted leader Mubarak under house arrest

August 23, 2013 10:57 AM0 comments
eMediaWorld.com Reports Egypt’s ousted leader Mubarak under house arrest

CAIRO — Wearing a white T-shirt and flashing a smile, Hosni Mubarak was transferred from prison Thursday to a Nile-side military hospital where he will be under house arrest, a reversal of fortune for the former president who was ousted by a popular uprising and is on trial for complicity […]

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eMediaWorld.com Reports Sanctions biting but Iran not budging

10:52 AM0 comments
eMediaWorld.com Reports Sanctions biting but Iran not budging

WASHINGTON — New signs are emerging that international sanctions are taking a deepening toll on Iran’s economy — putting billions of dollars in oil money out of the government’s reach. Yet there is no indication the distress is achieving the West’s ultimate goal of forcing the Islamic Republic to halt […]

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eMediaWorld.com Reports Claim US cuts off Egypt confusion over Obama policy

August 20, 2013 7:27 AM0 comments
eMediaWorld.com Reports Claim US cuts off Egypt confusion over Obama policy

WASHINGTON – Adding to the confusion over its Egypt policy, the Obama administration reportedly has decided to suspend aid to the military-backed government on a temporary basis — despite avoiding taking a public position on the matter. The Daily Beast reports that, according to a U.S. senator and unnamed administration […]

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eMediaWorld.com 2013 Oil falls below $107 as stock markets stall

August 19, 2013 5:14 AM0 comments
eMediaWorld.com 2013 Oil falls below $107 as stock markets stall

MARKETS – The price of oil fell below $107 a barrel Monday as traders pondered the effects of the Egyptian crisis on transport costs and whether the U.S. Federal Reserve will start to reduce its monetary stimulus next month. By early afternoon in Europe, benchmark oil for September delivery was […]

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eMediaWorld.com: Oil slips despite Egypt crisis

August 17, 2013 6:07 AM0 comments
eMediaWorld.com: Oil slips despite Egypt crisis

The price of oil slipped below $107 per barrel as the oil market shrugged off continuing violence in Egypt. U.S. benchmark crude fell 58 cents to $106.75 in afternoon trading, putting it on track to finish the week roughly flat. Brent crude, which is used to price imported crude used […]

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