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Libya's Largest Oilfield Hit By New Armed Group Blockade
Libya's Largest Oilfield Hit By New Armed Group Blockade
By Tsvetana Paraskova of OilPrice.com
Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from the field to the Zawiya port for exports, in yet another global supply scare amid ongoing disruptions in the Middle East.
An armed group has closed Valve n.7 on the pipeline, Libya’s National Oil Corporation (NOC) said, adding that the closure caused a pressure buildup within the crude...
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Aug 4, 2026 / Tyler Durden
Oil Markets Price In An Iran Deal That Does Not Exist Yet
Oil Markets Price In An Iran Deal That Does Not Exist Yet
Oil prices tumbled Tuesday as traders once again priced in a U.S.-Iran agreement before anyone had actually signed one.
West Texas Intermediate was trading at $75.64 per barrel shortly before 2 p.m. ET, down $4.70, or 5.85%, while Brent had fallen $4.61 to $79.16. Both benchmarks touched three-week lows as hopes rose that an agreement could reopen the Strait of Hormuz.
As reported earlier, Treasury Secretary Scott Bessent said a deal could come Tuesday or Wednesday, while Secretary of State...
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Sep 15, 2026 / Tyler Durden
Will Trump Accounts Make Every Kid A Millionaire?
Will Trump Accounts Make Every Kid A Millionaire?
Authored by Paul Mueller via The Daily Economy,
No - or at least, not by the time they finish high school.
Depending on how they're funded, a Trump Account could turn a child into a decamillionaire by retirement, or it might just be worth about $4,300 on their eighteenth birthday. As with any account, three variables dictate the outcome: contributions, rate of return, and time.
What might Trump Accounts actually be worth for children born this year? A thousand dollars takes a very long time...
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May 3, 2026 / Dave DeCamp
US Launches 61st Airstrike of the Year in Somalia
The US has launched another airstrike in Somalia, according to a press release from US Africa Command, as US media continues to ignore the bombing campaign. AFRICOM said in a release on Friday that its forces launched an airstrike against al-Shabaab on April 30, about 30 miles northeast of Kismayo, putting the attack in Lower […]
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