The strategy, formulated by the Organization of the Petroleum Exporting Countries (Opec) summit last December, was simple: Allow oil prices to fall below the $50/barrel level (Brent crude) to force contraction of production in non-Opec countries, enabling the cartel to maintain market share and eventually manipulate prices to a higher level.
Mon, 17 Aug, 2015
Tariq Aziz, the debonair Iraqi diplomat who made his name by staunchly defending Saddam Hussein to the world during three wars and who was later sentenced to death as part of the regime that killed hundreds of thousands of its own people, has died in a hospital in southern Iraq, officials said. He was 79.
Sat, 06 Jun, 2015
British troops mistreated nine Iraqi detainees following a fierce battle a decade ago, but false allegations of murder and torture were the product of “deliberate lies, reckless speculation and ingrained hostility”, a judge-led inquiry has found.
Thu, 18 Dec, 2014