Crumbling oil, Ruble makes Putin more dangerous: Expert

Russian President Vladimir Putin is being pushed “further into a corner” by falling oil prices, leaving him little option but to continue his aggression toward Ukraine and confrontation with the West, Eurasia Group President Ian Bremmer told CNBC on Tuesday. Putin has “gone all-in on an anti-U.S., must-keep-Ukraine nationalist engagement,” Bremmer said on “Squawk Box.” […]

New sanctions: Iran won’t be paid in cash for its oil

Ever since European seaports closed their gates to Iranian oil tankers last summer, Iran has looked to the East to keep its economy afloat. Countries such as China, India and South Korea — some of them critics of Western sanctions — have offered Iran a lifeline of reliable markets and much-needed dollars.

British companies to search for Lebanon’s offshore oil and gas?

British companies could soon be involved in the search for oil and gas off Lebanon’s shores. At least that’s the hope of the UK government who are asking British companies to register an interest in searching for oil and gas in Lebanon’s exclusive economic zone (EEZ). They have until the end of February 2013 to […]

Cyprus, Lebanon agree to boost oil, gas cooperation

Cyprus and Lebanon agreed to boost cooperation and look into ways to explore gas and oil in their waters, President Michel Sleiman said Thursday. “We have given the issue of the gas and oil available in our water top priority and agreed to increase cooperation to agree on principles and sound means that would allow […]

Oil may be behind renewed tension over the Falklands

More than 30 years after Argentina’s unsuccessful invasion of the Falkland Islands, a fresh war of words has broken out over the sovereignty of the British territory, a rocky archipelago about 8,000 miles from London but harboring outsize importance to both countries. The latest bout of controversy erupted after Argentine President Cristina Fernandez de Kirchner

Millions of Saudi’s below poverty line, report

A few miles from the blinged-out shopping malls of Saudi Arabia’s capital, Souad al-Shamir lives in a concrete house in a trash-strewn alley, with no job, no money, five children younger than 14 and an unemployed husband who is laid up with chronic heart problems. “We are at the bottom,” she said,