Israel launched an auction for licenses to explore 24 blocks for gas, opening its waters to major international companies but exporting to consumers in key regional markets won’t be easy. A pipeline to Turkey would need to pass through Cypriot economic waters. Source: WSJ
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Black-clad activists protesting U.S. President-elect Donald Trump’s inauguration smashed store and car windows in Washington on Friday and fought with police in riot gear who responded with pepper spray and stun grenades. Source reuters
U.S. oil producers, optimistic that higher crude prices are here to stay, have issued 2017 budgets that call for dramatically greater spending to tap new wells. Source: WSJ
Japan and India are finally moving to fructify their partnership for development of the Chabahar port in Iran with Tokyo committing investment to help improve Afghanistan’s access to the port. Source Times of India