Basra crude "heavy and medium" achieved weekly gains exceeding 8%, with global oil prices also recording significant weekly gains. Basra heavy crude closed in its last session yesterday, Friday, up $2.27 to reach $72.48, and recorded weekly gains of $6.34, equivalent to 8.47%. While Basra medium crude closed in its last session up $2.27 to reach $75.48, and recorded weekly gains of $6.34, equivalent to 8.11%. Global oil prices posted strong weekly gains of more than 9% for both crudes, as investors assessed the possibility of a wider conflict in the Middle East disrupting crude flows amid ample supplies in the global market. Source: National Iraqi News Agency
U.S. and Egypt Collaborate on Libyan Reunification and Regional Stability
November 4, 2026
Tripoli:U.S. Senior Advisor for Arab and African Affairs Massad Boulos engaged in discussions with Egyptian Foreign Minister Dr. Badr Abdelatty, focusing on efforts to advance Libya’s reunification. The talks included progress toward establishing unif…