Brent crude was steady around $110 a barrel on Wednesday, nursing losses from the previous two sessions, as investors fretted over prospects for the US fiscal crisis to hurt oil demand, despite supply fears fanned by Middle East tension.
Egypt has slid in a global league table of perceived official corruption in the past year, and the "Arab Spring" revolutions have yet to produce serious anti-graft action across the region, Transparency International said on Wednesday.
OPEC will probably keep its output quota unchanged for a second successive meeting next week as members judge prices high enough to cover their spending needs, according to a Bloomberg survey.
Lebanon needs to proceed with plans for liquefied natural gas import terminals despite high offshore natural gas prospects, said experts at the conclusion of the Lebanon International Oil and Gas Summit Tuesday.
Turkey does not expect tighter United States sanctions to apply to its natural gas imports from Iran, its energy minister has said, which would mean Tehran will continue to supply and get paid by its biggest gas customer.
Companies
Akbar Al Baker, CEO of Qatar Airways, believes that the Doha International Airport will not be significantly delayed, despite the new facility missing its anticipated opening date this month.
