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Monday, 11 April 2016
Moody's Slashes Credit for Three Oil Majors
One of Libya’s rival governments has resigned, a step that helps efforts by a new, UN-brokered unity government to assert itself in the capital Tripoli despite opposition from some local militias. In a statement, the Tripoli-based National Salvation government said it would “cease duties” as executive authority, and therefore absolve itself of responsibility for the country’s fate. “We put the interests of the nation above anything else, and stress that the bloodshed stop and the nation be saved from division and fragmentation,” the statement read. Western nations view the new unity government as the best hope for ending Libya’s chaos and uniting all factions against an increasingly powerful Islamic State affiliate, which has seized the central city of Sirte. Another government, based in the eastern city of Tobruk, still opposes […]
The deputy coordinator of the Iranian Army’s Ground Forces General Amir-Ali Arasteh announced that his country will send “special forces from Brigade 65 and other units to Syria to work as advisers” and added that Iran may decide at some point to use special forces and snipers as military advisers in Iraq and Syria. So why is Iran “openly” admitting its involvement in Syria now? It is known that Tehran has mercenaries and militias working for it. These include Hezbollah terrorists and forces of the Revolutionary Guards’ units that fight in support of the criminal Bashar Al-Assad. However, Iran has always denied this and its role in Syria has been shamefully overlooked by western media. The Obama administration has also overlooked Tehran’s villainous role in supporting the criminal of Damascus, and before that its supporters in Iraq. So why is Iran publicly announcing its deployment of troops to Syria? […]
Iran ratcheted up its offense in the oil market after breaking a pricing tradition, signaling it’s seeking to win market share at a time when rival producers are trying to forge a deal on freezing output. State-run National Iranian Oil Co. will sell the Forozan Blend crude for May to Asia below the level offered by rival Saudi Aramco for Arab Medium, the third month the Persian Gulf state is giving the discount after setting it at a premium for almost seven years through February 2016, data compiled by Bloomberg show. NIOC will also sell the Iranian Light grade to Asian customers at 60 cents below Middle East benchmark prices, a company official said on Friday, asking not to be identified because of internal policy. While producers including Saudi Arabia, OPEC’s biggest member, and Russia are due to meet in Doha on April 17 to discuss a deal to […]
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