The most prominent driver of oil prices over the next two years is not likely to come from OPEC, Iran or Venezuela, but rather in the shape of a shipping revolution, analysts have warned. New rules coming into force in approximately 18 months' time are seen as a source of great concern for some of the world's biggest oil producers.
Canadian Prime Minister Justin Trudeau backed air strikes by the United States and its allies on Syria’s chemical weapons program but Argentina, Brazil and Peru voiced caution during a regional summit about the escalating military action.
Bombs have fallen. Damascus has been beaten again. The United States, United Kingdom and France coalition launched airstrikes against Syrian targets as Donald Trump sought to punish Syrian President Bashar al-Assad for a suspected chemical attack last weekend near Damascus that killed more than 40 people.
For the terrorist group known as the Islamic State, Syria and Iraq were a good place to start their campaign, but in order to survive and prosper it knew from the outset that it had no choice but to set its sights on the ultimate prize: the oil fields of Saudi Arabia.
China's foreign minister urged restraint in the growing tensions over Syria, saying any military intervention in the crisis would only worsen turmoil in the Middle East. China all along has tried to maintain a neutral position on the issue, not accompanying the West’s intentions of imposing sanctions to Syria but calling on Damascus to begin talking with the rebels.
Unasur leaders will welcome Paraguay’s return to the group and will honour the memory of deceased Venezuelan president Hugo Chavez during this week’s summit in Suriname that will be taking the chair of the group from Peru.
Russia is back. President Vladimir Putin wants the world to acknowledge that Russia remains a global power. He is making his stand in Syria. The Soviet Union acquired the Tartus Naval Port in Syria in 1971 without any real purpose for it. With their ships welcomed in Algeria, Cuba or Vietnam, Tartus was too insignificant to be developed. After the collapse of the Soviet Union, Russia lacked the funds to spend on the base and no reason to invest in it.
Starting in London his first trip overseas as the new US Secretary of State, John Kerry kept strictly to US policy on the Falkland Islands and refused to comment on the coming referendum when Islanders are expected to decide on their political status and future.
Western and Middle Eastern governments pledged to help Egypt, Tunisia, Morocco and Jordan make the transition to democracy, mobilizing 38 billion dollars of financing, mostly through international lending organizations.
Citizens of oil producing nations must see more benefit from their country's national resources, billionaire investor said George Soros interviewed by the BBC. Revolts in Libya were partly the result of revulsion against a corruption fed by the misuse of oil money, he added.