“Is it better to deplete the reserves or is it better to depreciate the pound?” The question was raised by Egyptian Investment Minister Ashraf Salman during a conference on Sunday, after the Central Bank announced earlier in the day that the net international reserves have fallen to $18.1billion. Source The North Africa Post
Libya’s state oil company said on Tuesday that it has halted crude exports at its Zawiya terminal due to falling production after an attack in which four workers were kidnapped Source Journal du Cameroun
At least five people have been killed since the beginning of protests in southern Iraq’s oil hub earlier this month, as security forces respond with a hard hand while thousands continue to take to the streets over rising unemployment and chronically lacking public services. Source: Oil Price
Italy’s far-right Interior Minister Matteo Salvini said during a visit to Moscow on Monday that he wanted to see EU sanctions against Russia dropped “by the end of the year”. Source: The Local
