Arab winter of discontent

November 5, 2019 00:30 am

BEIRUT – A new wave of revolts is shaking the Arab world, with Lebanon and Iraq now joining Sudan and Algeria. Recent mass protests in each country have mobilized millions of people from all walks of life, all of whom are angry over the deterioration of economic conditions, which is seen as being exacerbated by mismanagement and poor governance.

TOKYO/SINGAPORE, Aug 14: Oil prices fell on Wednesday on disappointing economic data from China and a rise in U.S. crude inventories, erasing some of the sharp gains in the previous session on signs of an easing in Sino-U.S. trade tensions.

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SINGAPORE, Feb 22: Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets.