Oil prices flat as Middle East conflict counters ample supply outlook

Oil prices were subdued on Friday, but remained on track for strong weekly gains, as investors weighed the prospect of a wider Middle East conflict disrupting crude flows against a well-supplied global market. Brent crude futures were flat at $77.55 a barrel, as of 0646 GMT. U.S. West Texas Intermediate crude futures were little changed at $73.65 a barrel. Both benchmarks were headed for weekly gains of about 8%. Bearish bets on oil have found some room to unwind this week amid mounting concerns over potential supply disruptions in the Middle East, along with optimism that China's recent economic stimulus efforts may offer some uplift in demand, IG market strategist Yeap Jun Rong said. "The question now is whether there will be an actual disruption in crude supplies, and that should keep prices in a waiting game over the weekend," Yeap added. Source: National news agency - Lebanon

Libyan-Syrian Talks in Tripoli to Strengthen Relations

Tripoli: The Acting Minister of Foreign Affairs and International Cooperation, Taher Al-Baour, met today, Sunday, with the Minister of Foreign Affairs and Expatriates of the Syrian Arab Republic, Asaad Hassan Al-Shaibani, to discuss ways to strengthen…

Libyan-Syrian Talks in Tripoli to Strengthen Relations

Tripoli: The Acting Minister of Foreign Affairs and International Cooperation, Taher Al-Baour, met today, Sunday, with the Minister of Foreign Affairs and Expatriates of the Syrian Arab Republic, Asaad Hassan Al-Shaibani, to discuss ways to strengthen…

USA Welcomes Chevron’s Return to Libya

Tripoli: The United States welcomed Chevron’s return to Libya and the resumption of its cooperation with the National Oil Corporation.

According to Libyan News Agency, the US Embassy in Libya confirmed on its official website that this partnership …