As the Libya turmoil continues, the UN Security Council decided to pose economic and commercial sanctions against Libya and also called for the immediate investigation of the crimes being committed in Libya mainly by Qaddafi and his people. In the…
Tag: OPEC oil price
Saudi Arabia Responses to Turmoil in the Middle East – 22 February
The Middle East turmoil already caused some uprise in the crude oil price today, driving it up as the uncertainty in supply of oil from Libya – an OPEC member, could be at jeopardy. Saudi Arabia, according to Prince Abdulaziz…