Oil prices, which have risen by as much as 20 percent this year due to fears of supply disruption caused by Middle Eastern and North African unrest; appear to be stabilizing in recent weeks.
Saudi Prince Al-Waleed bin Talal said on Sunday that he wants lower oil prices so that Western countries don't have the incentive to find alternatives.
In a desperate attempt to find a diplomatic solution to the brutal civil war in Libya, the president of South Africa, Jacob Zuma, has arrived in Tripoli for talks with Moammar Gaddafi.
NATO Secretary-General Anders Fogh Rasmussen said on Monday NATO's military campaign in Libya is progressing and Muammar Gaddafi’s is sure to go, a Reuters report said.
Why would Saudi Arabia wish good luck to Yemen President Ali Abdullah Saleh who is facing the wrath of anti-government protesters? Especially when the president is having a tough time trying to contain the number of his defecting military chiefs?
Former French foreign minister Roland Dumas, who visited Libya as lawyer to prepare a legal case on behalf of victims of NATO bombing, said he was prepared to defend leader Muammar Gaddafi if he is sent to The Hague, Reuters reported.
A NATO aircraft destroyed guard towers at Muammar Gaddafi's compound in Tripoli , and later staged a rare daytime air strike on the Libyan capital, stepping up pressure on him to quit, a NATO official said, reported Reuters on Saturday.
In a surprise move, Russia took the side of Britain and France over Libya for the first time yesterday, calling for the Middle-East despot to leave office.
As NATO air-strikes hit Tripoli for the fifth straight night and Russia teaming up with Western powers in demanding his exit, Libyan leader Muammar Gaddafi is feeling the heat of tightened military and diplomatic pressure, Reuters reported.
British intelligence sources are convinced that Libyan dictator Moammar Gaddafi has become “paranoid” that NATO’s missile attacks on his country will lead to his death, according to a report in the Daily Telegraph newspaper, quoting UK diplomats.
While there are clear differences between the two - then-Serbian President Slobodan Milosevic's ethnic cleansing campaign was racially motivated, whereas Col. Muammar el Qaddafi is trying to protect his rule from an insurrection - there are parallels as well.
Libya's government has pushed for a ceasefire, saying for the first time it is prepared to talk to the rebel adversary.
The bill dealing with the conflicts in Afghanistan, Iraq and Libya gave rise to a heated debate as lawmakers voiced frustration over the lack of an end in sight after 10 years of war, a Reuters report stated on Wednesday.
Tripoli was rocked once again by fresh NATO airstrikes late on Thursday night, leaving smoke rising from Libyan leader Muammar Gaddafi's Bab al-Aziziyah base, Reuters reported.
The House of Representatives resoundingly voted to prohibit spending any tax dollars on deploying ground forces in Libya and narrowly defeated a measure to speed up a timetable for withdrawing troops from Afghanistan.
Raising military pressure on Gaddafi’s force, NATO strikes Tripoli for a second day, killing 19 civilians overnight, Libyan state television reported. At least six large explosions rocked Tripoli.
As part of his state visit to Britain, US President Barack Obama has teamed with Prime Minister David Cameron on Wednesday to honor and support soldiers from both the nations.
On May 25, Obama with first lady Michelle Obama and David Cameron with Samantha Cameron served lunch to U.S. and British military service members, veterans and family members in a courtyard at 10 Downing Street in London.
Gold rose to a record high for the third consecutive session on Wednesday as deepening concern over Europe's sovereign debt crisis spurred demand for the metal as a safe haven investment.
Obama made it cordial with Prince Phillip in a mid-twentieth century style tailcoat reaching below his knees, and Michelle dazzled in an immaculate white gown with criss-cross V-neck, gloves and a matching clutch.
NATO has carried out its heaviest air strikes against Libya's capital Tripoli on Tuesday in more than two months of bombing, amid upbeat comments from France and the United States on overthrowing Muammar Gaddafi's rule, reported Reuters.
Obama's European tour continued with the meeting of important British leaders such as Queen Elizabeth at Buckingham Palace as well the 'Royal Couple' Prince William and Catherine Middleton after his trip to Ireland.