Libya’s latest bid round has revived debate about production, reform and investment risk. But in today’s oil market, the real constraint is no longer geology or output. It is whether Libya’s governance and operating model can convert barrels into durable economic value.
An American flotilla is nearing Iran as the country recovers from a violent state crackdown on mass protests. The U.S. task force’s goals remain unclear, driving tensions in southwest Asia.
Widely believed to be an ineffective form of diplomatic pressure, the long-standing sanctions regimes of the past two decades have begun to show results.
