discovery of large natural gas could lead to new Lebanon-Israel war

BEIRUT The discovery of large natural gas reserves under the waters of the eastern Mediterranean could potentially mean a huge economic windfall for Israel and Lebanon, both resource-poor nations – if it doesn’t spark new war between them.The Hezbollah militant group has blared warnings that Israel plans to steal natural gas from Lebanese territory and vows to defend the resources with its arsenal of rockets. Israel says the fields it is developing do not extend into Lebanese waters, a claim experts say appears to be correct, but the maritime boundary between the two countries – still officially at war – has never been precisely set.

“Lebanon’s need for the resistance has doubled today in light of Israeli threats to steal Lebanon’s oil wealth,” Hezbollah’s Executive Council chief Hashem Safieddine said last month. The need to protect the offshore wealth “pushes us in the future to strengthen the resistance’s capabilities.”The threats cast a shadow over what could be a financial boon for both nations, with energy companies finding what appear to be substantial natural gas deposits in their waters.

Israel is far ahead in the race to develop the resources. Two fields, Tamar and Dalit, discovered last year, are due to start producing in 2012, and experts say their estimated combined reserves of 5.5 trillion cubic feet (160 billion cubic meters) of natural gas can cover Israel’s energy needs for the next two decades.In June, the U.S. energy company Noble Energy, part of a consortium developing the fields, predicted that Israel will also have enough gas to export to Europe and Asia from a third field – Leviathan, thought to hold up to 16 trillion cubic feet (450 billion cubic meters) of gas.

Israel relies entirely on imports to meet its energy needs, spending billions to bring natural gas from Egypt and coal from a variety of countries. So just freeing the country from that reliance would have a major impact.When Tamar begins producing it could lower Israel’s energy costs by a $1 billion a year and bring $400 million a year in royalties into government coffers. That suggests a total of about $40 billion in savings and $16 billion in government revenues over the total yield of the field. Those numbers would only rise as Leviathan comes on line.

“Israel’s always looked for oil,” said Paul Rivlin, a senior research fellow with Tel Aviv University’s Dayan center. “But I don’t think it ever thought of itself as becoming a producer. And now that you’ve got a high-tech economy that’s doing quite well, this comes as an added bonus.”

Hezbollah’s warnings, however, quickly followed the announcement by Houston, Texas-based Noble Energy.Lebanese parliament speaker Nabih Berri, a Hezbollah ally, warned that Israel is “turning into an oil emirate while ignoring the fact that the field extends, according to the maps, into Lebanon’s territorial waters.”

Israel’s Petroleum and Mining commissioner at the National Infrastructure Ministry Yaakov Mimran, called those claims “nonsense,” saying Leviathan and the other two fields are all within Israel’s economic zone.”Those noises occur when they smell gas. Until then, they sit quietly and let the other side spend the money,” Mimran told the Israeli daily Haaretz.

Maps from Noble Energy show Leviathan within Israel’s waters. An official with Norway’s Petroleum Geo-Services, which is surveying gas fields in Lebanese waters, told The Associated Press that from Noble’s reports there is no reason to think Leviathan extends into Lebanon. The official spoke on condition of anonymity because he was not authorized by his company to speak on the subject.

The rumblings are worrisome because Israel and Hezbollah each accuse the other of intending to spark a new conflict following their devastating 2006 war. That fighting, in which Hezbollah’s capture of two Israeli soldiers in a cross-border raid sparked a massive Israeli bombardment, killed about 1,200 Lebanese and 160 Israelis.

Since then, there has been a rare interval of peace. Hezbollah, a close ally of Syria and Iran, has not fired a rocket into Israel since. Israeli officials, however, say they believe Hezbollah has managed to triple its prewar arms stockpile to more than 40,000 rockets.The warnings from Hezbollah and Berri could be as much for domestic consumption as directed as Israel, aiming to press for the passage of a long-delayed draft oil law, needed before any Lebanese fields can be developed.

Oil and gas exploration has been a source of disagreement between Lebanese politicians over the past decade. The change of several governments and disputes over what company should do the surveying have caused delays.In October, Petroleum Geo-Services said fields in Cypriot and Lebanese waters “may prove to be an exciting new province for oil and gas in the next few years,” noting signs of deposits in Lebanon, though their size is still not known. “It is very encouraging for Lebanon,” the PGS official told AP.

Any finds could help Lebanon’s government pay off what is one of the highest debt rates in the world, at about $52 billion, or 147 percent of the gross domestic product.Israel and Lebanon are among the few countries in the Middle East without substantial, lucrative natural resources. Israel has built a place for itself with a powerful high-tech sector, while Lebanon has boomed in recent years with tourism and real estate investment. While the gas may not transform them into Gulf-style spigots of petro-cash, it would be a major boost.

Rivlin doubts Israel could become a significant exporter, saying nearby countries don’t need or aren’t willing to buy from it, and the costs of liquifying gas for transport to further markets like Europe may be prohibitive. But Eytan Gilboa, a political science professor at Bar-Ilan University, said that with the world “so hungry for energy,” Israel won’t have a problem finding buyers.But the development raises security worries, as the offshore gas infrastructure could become a target. During the 2006 fighting, Hezbollah succeeded in hitting Israeli warships off Lebanon with its rockets.”Once those rigs start producing gas, it’s going to be difficult to secure them,” Gilboa said. “So on the one hand, you reduce dependency on imports in times of crisis, but at the same time, you make yourself vulnerable because those sites are exposed.” (AP)

Tony Hayward will leave BP at the upcoming October

Prepare “got away” with golden lifeboat when the ship was aground. Maybe that’s the right impression for the Chief Executive Officer (CEO) of oil company BP, Tony Hayward. When the company he led was a problem with leaking oil wells that pollute waters of the southern United States (USA), Hayward would leave it preached. He did not go empty-handed, but brought abundant coffers. If so leave the British company that Hayward will soon receive a pension amounting to 600 000 pounds sterling per year. Hayward reportedly will leave in October following the BP refinery oil spill tragedy in the Gulf of Mexico. According to BP’s pension scheme, as quoted from the page of the BBC, Monday, July 26, 2010, BP employees who joined before April 2006 can receive a pension at any time at the age of 53 years. Hayward, who has worked with BP for 28 years, is entitled to receive the facility.

In addition to pensions, Hayward will also receive one-year salary plus benefits worth more than one million pounds sterling. Thus, the total retirement package to be received later Hayward approximately 11 million pounds sterling. British executives were also able to maintain its shareholding in BP. Those shares could be worth several million pounds sterling depending on the performance of BP shares on the stock.

Although the official announcement from BP will be made on this Tuesday, the news that the Hayward will retire in October will aggressively overseas media reported yesterday. His position will be replaced by a colleague, a U.S. citizen named Robert Dudley. While according to the news, Hayward will be promoted to non-executive positions at BP’s joint venture in Russia. Hayward is one of BP’s boss is reaping a lot of criticism. That followed a statement-related statement handling oil spills in the Gulf of Mexico are considered to offend the local community.

Hurricane Alex gained strength early Wednesday as the storm began to take aim on the western Gulf of Mexico

Hurricane Alex gained strength early Wednesday as the storm began to take aim on the western Gulf of Mexico, the National Hurricane Center reported.The Category 1 storm, which became the first June hurricane on the Atlantic side of the United States since 1995, is expected to make landfall in northeastern Mexico or southern Texas by late Wednesday or early Thursday.

The hurricane center’s advisory issued at 2 a.m. ET said Alex was moving erratically, but generally westward, at 5 mph. The storm had maximum sustained winds of 80 mph and was about 255 miles southeast of Brownsville, Texas.President Barack Obama issued a federal emergency declaration for Texas ahead of the expected arrival of Alex, the White House said Tuesday night.A hurricane warning was issued for the Gulf Coast from Baffin Bay, Texas, to La Cruz, Mexico. A hurricane warning means that hurricane conditions and tropical storm-force winds are expected in the forecast area within 36 hours.

A tropical storm warning was in place along the Texas coast from Baffin Bay to Port O’Connor.The storm continued to move away from the massive BP oil catastrophe near the Louisiana coast in the northern Gulf of Mexico, but it already was complicating cleanup efforts. The storm created 12-foot waves on Tuesday and oil skimming ships were sent back to shore, from Louisiana to the Florida Panhandle.

The rough seas may force crews to replace and reorganize booms meant to deter the oil from reaching shore, reported CNN’s Ed Lavandera.Florida Gov. Charlie Crist said that even though Florida may dodge a bullet with this storm, the Atlantic hurricane season is just beginning.”In Florida, we’ve had a lot of hurricanes a number of years ago, but we handled them very well,” he told CNN’s Campbell Brown. “The difference and the distinction that we face now is that we have a Gulf of Mexico that’s full of oil. So our hope and our prayer is that we don’t have a mixture of hurricanes with oil that could potentially damage the beautiful beaches of Florida. But if we do, we’re prepared for it.”

Brownsville, Texas, Mayor Pat Ahumada said his city was expecting to distribute 60,000 sandbags and provide shelter for roughly 2,000 families. Utility crews were put on standby to handle outages. At the same time, 90 buses had been provided by the state government in case an evacuation is required.”I expect about 10 percent of residents to evacuate voluntarily, which already started yesterday,” Ahumada said. “I see a steady flow of people going out, but no bottlenecks — which is good.””We’re not taking it lightly,” he said. “We’re ready for a worst-case scenario.”

On Monday, Texas Gov. Rick Perry issued a disaster proclamation for 19 counties and ordered the pre-deployment of state resources. The governor’s declaration allows the state to initiate necessary preparedness efforts, such as pre-deploying resources to ensure local communities are ready to respond to disasters.The governor’s order puts up to 2,500 National Guard personnel, eight UH-60 helicopters and three C-130 aircraft on standby for rapid deployment as needed, Perry’s office said in a statement.(CNN)

to watch

http://edition.cnn.com/2010/US/06/30/hurricane.alex/?hpt=T1&fbid=d3drOUu-5r2

Gulf residents prepare for Alex

The U.S. military discovered "the untapped mineral reserves worth U.S. $ 1 billion

The U.S. military discovered “the untapped mineral reserves worth U.S. $ 1 billion” or more than Rp 9 trillion in Afghanistan. This report placed New York Times on the main page edition Monday.These findings, according to Yahoo! News, Tuesday, June 15, 2010, almost like an adventure in the Indiana Jones films: Geologist, Geological Survey geologist Afghan guard who had made the Soviet Union showed reserves of copper, lithium, iron and gold worth billions of dollars.According to the New York Times, this survey was collected in 2007. In 2009, the Pentagon and then learn the “translation of technical data to measure the potential economic value of mineral reserves that.” And was found number of Rp 9 trillion.

And these findings fit with that quoted by the Associated Press last month, Afghan President Hamid Karzai launched the mineral wealth of his country to reach three times that amount, U.S. $ 3 billion.John Cook, a writer for Yahoo!, Questioned why the data was out at the same time. According to him, this is an effort to Karzai to extend the United States intervention in his country.

“It is easier to imagine an end to a democratic and stable Afghanistan when you will get billions of dollars of minerals to be played,” said Cook.Mineral reserves has become the last way to get American aid Afghanistan due before U.S. President George W Bush, said no mining would develop oil in Afghanistan for fear of huge cost. Now the question is, who will benefit from copper and gold mineral reserves of this?

BP say capturing more oil from blown is out well

Energy giant BP Plc said on Tuesday it had sharply increased the amount of oil it was capturing from its blown-out Gulf of Mexico well, but U.S. officials want to know exactly how much oil is still gushing out.The London-based company’s share price fell 6 percent in London trading after U.S. President Barack Obama said he wanted to know “whose ass to kick” over the massive spill.He told NBC News’ “Today” show that if BP Chief Executive Tony Hayward worked for him, he would have fired him by now over his response to the 50-day-old spill, the worst environmental disaster in U.S. history.

BP already faces a criminal investigation and lawsuits over the April 20 explosion aboard the Deepwater Horizon oil rig that killed 11 workers and triggered the massive spill. Some 120 miles of U.S. coastline have been soiled in the disaster that threatens the Gulf Coast’s lucrative fishing industry.

The company said on Tuesday it had collected 14,800 barrels of oil on Monday, 33 percent higher than the amount collected on Sunday and the highest capture rate since it installed a new system to contain the oil spill last week.The latest attempt involves a containment cap placed on top of the gushing pipe on the ocean floor. The total amount of oil collected over four days was about 42,500 barrels, BP said.

“We continue to optimize production and make sure we can take much oil out of that stream as we can,” said Coast Guard Admiral Thad Allen, the top U.S. official overseeing the cleanup effort, speaking at a briefing in Washington.Allen said on Monday neither BP nor the government knew just how much oil was gushing out of the well in the first place. “That’s the big unknown right now,” he told a White House briefing on Monday.

BP has given conservative estimates of the oil flow that have been ridiculed by scientists and U.S. lawmakers. Even the government’s much higher estimates of 12,000-19,000 barrels a day seemed on the low side after Allen said the company planned to double its collection of oil from the well to 20,000 bpd (840,000 gallons/3.18 million liters).BP and government officials have said a definitive solution will not come until August when a relief well is drilled.

OBAMA HITS BACK AT CRITICS

The spill has fouled wildlife refuges in Louisiana and barrier islands in Mississippi and Alabama and also sent tar balls ashore on northwest beaches of Florida, where the $60 billion-a-year tourism industry accounts for nearly 1 million jobs.One-third of the Gulf’s federal waters, or 78,000 square miles (200,000 square km), remains closed to fishing, and the toll of dead and injured birds and marine animals is climbing.U.S. weather forecasters gave their first confirmation that some of the oil leaking from BP’s well has lingered beneath the surface rather than rising to the surface. Undersea oil depletes the water’s oxygen content and threatens marine life like mussels, clams, crabs, eels, jellyfish and shrimp.

Jane Lubchenco, administrator of the National Oceanic and Atmospheric Administration, said at the Washington briefing: “NOAA is confirming the presence of very low concentrations of subsurface oil.”Obama, who faces growing criticism that he has appeared detached from the economic and ecological catastrophe hitting four U.S. Gulf states, sharpened his criticism of BP in the NBC interview and hit back at his critics.”I was down there a month ago, before most of these talking heads were even paying attention to the Gulf,” he said.

“And I don’t sit around just talking to experts because this is a college seminar; we talk to these folks because they potentially have the best answers, so I know whose ass to kick,” he added.Fadel Gheit, an analyst at Oppenheimer and Co, said it was “not a coincidence” that BP’s shares were down after Obama’s “kick ass” comment.

The European oils sector was down overall, however, on the back of lower oil prices due to economic worries. BP shares were trading down about 5 percent, against a drop of 2.13 percent in the STOXX Europe 600 Oil and Gas index at 1600 GMT.In New York, the company’s American depositary shares were down nearly 5 percent. BP shares have lost about a third of their value since the crisis erupted.

Away from the action in the Gulf, the political heat remained intense in Washington with yet another congressional hearing to bring BP and its peers under renewed scrutiny.The Senate Judiciary Committee was holding a hearing titled: “The Risky Business of Big Oil: Have Recent Court Decisions and Liability Caps Encouraged Irresponsible Corporate Behavior?”Democrats in Congress have been looking at lifting such caps.

The Senate hearing follows one in Chalmette, Louisiana, where two women who lost their husbands in the explosion that unleashed the crisis urged members of Congress to hold BP accountable.”I am asking you to please consider harsh punishments on companies who choose to ignore safety standards before other families are destroyed,” said Courtney Kemp, whose husband, Wyatt, was killed in the explosion.(Reuters)

Chronology of Gulf of Mexico oil spill

A drilling rig explosion on April 20 left 11 workers missing and presumed dead, and the rig’s subsequent collapse unleashed a major oil spill that threatens the ecosystems and economy of the U.S. Gulf of Mexico.Also threatened is the heart of U.S. energy production, as a giant, unprecedented underwater leak spreads oil across the northern Gulf of Mexico, threatening areas from Florida to points west of the of the Mississippi River.

President Barack Obama’s plans to widen offshore drilling have been suspended, and energy giant BP Plc (BP.N) (BP.L) faces another blow to its reputation and a multibillion-dollar bill for cleaning up the mess and paying damages.

Below is a chronology of the spill and its impact:

* April 20, 2010 – Explosion and fire on Transocean Ltd’s (RIG.N) (RIGN.S) drilling rig Deepwater Horizon licensed to BP; 11 workers missing, 17 injured. The rig was drilling in BP’s Macondo project 42 miles (68 km) southeast of Venice, Louisiana, beneath about 5,000 feet (1,525 metres) of water and 13,000 feet (4 km) under the seabed. A blowout preventer, intended to prevent release of crude oil, failed to activate.

* April 22 – The Deepwater Horizon rig, valued at more than $560 million, sinks and a five-mile long oil slick is seen.

* April 23 – The U.S. Coast Guard suspends search for missing workers.

* April 25 – The Coast Guard says remote underwater cameras detect the well is leaking 1,000 barrels of crude oil per day. The agency calls the leak a “very serious spill” that threatens ecosystems along the Gulf Coast. It approves a plan to have remote underwater vehicles activate a blowout preventer and stop leak, but the effort fails.

* April 26 – BP’s shares fall 2 percent on fears the cost of cleanup and legal claims will deal the London-based energy giant a heavy financial blow.

* April 27 – U.S. departments of Interior and Homeland Security announce joint investigation. Coast Guard says leaking crude may be set ablaze to slow the spread of oil in the Gulf.

* April 28 – The Coast Guard says the flow of oil is 5,000 barrels per day (bpd) (210,000 gallons/795,000 litres) — five times greater than first estimated. A controlled burn is held on the giant oil slick.

* April 29 – Obama pledges “every single available resource,” including the U.S. military, to contain the spill, which Homeland Security Secretary Janet Napolitano says is of “national significance.” Obama also says BP is responsible for the cleanup. Louisiana declares state of emergency due to the threat to the state’s natural resources.

* April 30 – An Obama aide says no drilling will be allowed in new areas, as the president had recently proposed, until the cause of the Deepwater Horizon accident is known.

* BP Chairman Tony Hayward says the company takes full responsibility and will pay all legitimate claims and the cost of the cleanup. The Interior Department orders safety inspections of all 30 deepwater drilling rigs and 47 deepwater production platforms.

* May 1 – Coast Guard says leak will affect the Gulf shore.

* May 2 – Obama visits the Gulf Coast to see cleanup efforts first hand. U.S. officials close areas affected by the spill to fishing for an initial period of 10 days. BP starts to drill a relief well alongside the failed well, a process that could take two to three months to complete.

* May 5 – A barge begins towing a 98-ton containment chamber to the site of the leak. BP says one of the three leaks has been shut off by capping a valve, but that would not cut the amount of oil gushing out.

* May 6 – Oil washes ashore on the Chandeleur Islands off the Louisiana coast, uninhabited barrier islands that are part of the Breton National Wildlife Refuge and important nesting and breeding areas for many bird species.

* May 7 – BP engineers use undersea robots to move the containment chamber over the larger of the two remaining leaks on the seabed. A fishing ban for federal waters off the Gulf is modified, expanded and extended to May 17.

* May 8 – BP’s containment dome hits a snag when a buildup of crystallized gas forces engineers to postpone efforts to place the chamber over the oil leak and siphon oil to the surface. “Tar balls” suspected to come from the leak wash up along a half-mile stretch of Dauphin Island, Alabama.

* May 9 – BP says it might try to plug the undersea leak by pumping materials such as shredded up tires and golf balls into the well at high pressure, a method called a “junk shot.”

* May 10 – Forecasts suggest the oil spill could move significantly west of the Mississippi River delta as brisk onshore winds prevail. BP announces plans to place a small containment dome, known as a “top hat,” over the blown out well to funnel oil to the surface.

* May 11 – Executives with BP, Transocean and Halliburton appear at congressional hearings in Washington, where Senators criticize their safety records. The executives blame each other’s companies for the explosion. The oil slick washes ashore on a third land mass: Louisiana’s Port Eads area, on the southern edge of the Mississippi Delta.(Reuters)

Oil Refinery Explosion Victim Search Suspended

New Orleans, The savior of the U.S. coast to stop the search eleventh offshore refinery employees who are listed as missing, on Friday (23/04/2010)They were missing after an explosion at the refinery, offshore Louisiana, Gulf of Mexico earlier this week.Supposedly Mary Landry, commander of the rescue beaches in the district are likely eleventh victim was near the blast site.”Conditions are very fragile new oil refineries. His position has been tilted, and going to drown,” she said.

Meanwhile, local authorities currently environmental pollution caused by oil that spilled from the refinery building structure which collapsed into the sea.”For a while, not feared. There is no oil leakage and environmental disasters of this incident,” said local official.

3 People Killed In Clashes in North Yemen

Sanaa Three people were killed in clashes in northern Yemen, according to several sources, Thursday, in the latest violence threatened to disrupt the truce that has lasted two months. Shia rebels and government agreed a ceasefire to end the war in the region in February. Several previous truce failed to be enforced. The truce which came into force Friday (12 / 2) it is the government’s latest effort to end the rebellion in the north that has killed thousands of people and caused 250,000 people to flee.

A number of rebels and tribal sources provide information about the maze of clashes Thursday, which highlights the confusion surrounding the conflict in Saada, north Yemen. “Houthi rebels opened fire towards the position of the central security forces, who then shot back,” said one source about the clash Yemeni tribe, who added that three rebels were killed. Rebels denied involvement in the incident, saying the armed tribesmen who clashed with security forces after they tried to extort money from them at a checkpoint in Saada on Wednesday.

The rebels said on their news site, the three people killed were civilians caught in the cross fire. A Yemeni government official denied there has been violence. However, several people were injured in separate clashes between rebels Houthi and pro-government militia, and dozens of pro-rebel gunmen held a peaceful march to protest that Sanaa did not mean an end to the conflict. Zaidi or Houthi rebel group, the name of their deceased leader, based in the mountains on the border of Saudi Arabia, where they engaged in battle with Yemeni and Saudi forces.

Government forces engaged in sporadic battles with Shiite groups since 2004. Violence in southern Yemen has also increased in recent time was when separatist protesting against the administration of President Ali Abdullah Saleh who clashed with security forces killed three policemen and five protestors.

Tensions rose in southern Yemen after a protester was shot dead the police on February 13. The incident sparked riots in which the separatists set fire to shops owned by people north and attempted to blockade a main road. Authorities conduct security operations and arrested about 180 people in the southern provinces. Yemeni President Ali Abdullah Saleh of Yemen has urged people not to listen to appeals for secession, which he said the same as treason. North Yemen and South Yemen formally united to form the Republic of Yemen in 1990, but many parties in the southern region, which is where most of the oil in Yemen, says that northern people use it to dominate the unification of natural resources and discriminate against them.

Western countries and Saudi Arabia, Yemen neighbors, worried that the country will fail and Al-Qaeda used the turmoil to strengthen their grip on the impoverished Arab country and turn it into a place to launch further attacks. Yemen into the world spotlight when the regional wing of Al-Qaeda of masterminding a bomb attack AQAP states fail against U.S. passenger plane on Christmas Day.

AQAP declared in late December, they gave Nigerians suspect “means that technically sophisticated” and told Americans that more attacks would be carried out. Analysts fear that Yemen will collapse under Shia rebellion in the northern region, the separatist movement in the southern region and the attacks of Al-Qaeda. Poor country that borders Saudi Arabia, the world’s largest oil exporting country. Sanaa said that Yemeni forces kill dozens of al-Qaeda members in two attacks in December.

British Embassy in Sanaa also become targets of suicide attacks planned Al-Qaeda Yemeni security forces foiled in mid-December. An Al Qaeda cell that was destroyed in Arhab, 35 kilometers north of the Yemeni capital, “aims to infiltrate and blow up targets including the British Embassy, government buildings and foreign interests”, according to a statement posted on the site 26Sep.net letter news of the defense ministry. Besides the rebellion, Yemen was hit by kidnappings of foreigners in recent years.( Reuters)

SINGAPORE Oil prices rose above $85 a barrel Monday in Asia

SINGAPORE Oil prices rose above $85 a barrel Monday in Asia after a massive loan offer to Greece by European countries helped weaken the dollar, making crude cheaper for investors holding euros.Benchmark crude for May delivery was up 50 cents to $85.42 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 47 cents to settle at $84.92 on Friday.The finance ministers of the 15 eurozone nations agreed Sunday to offer euro 30 billion ($40 billion) in loans to Greece this year if Athens asks for the money.

The promise – filling in details of a March 25 pledge of joint eurozone-IMF help – was another attempt to calm markets that have been selling off Greek bonds in recent days.The euro rose to $1.3657 on Monday from $1.3322 on Friday while the dollar fell slightly to 93.10 yen.

Oil was down the previous three days on investor concern that slowly recovering U.S. crude demand doesn’t justify further gains. Crude jumped 25 percent to above $87 last week from $69 in early February.”If oil markets continue to take cues from supply and demand – in preference to the dollar, equities or economic data – we cannot paint a picture that includes higher prices,” Cameron Hanover said in a report.

In other Nymex trading in May contracts, heating oil added 1.17 cents to $2.2377 a gallon, and gasoline gained 1.17 cents to $2.3010 a gallon. Natural gas rose 3.0 cents to $4.100 per 1,000 cubic feet.In London, Brent crude was up 64 cents at $85.47 on the ICE futures exchange.(AP)

350,000 people still displaced by war in northern Yemen

Sanaa  – About 350,000 people still displaced by war in northern Yemen, or 100,000 of the estimated number of United Nations before the February ceasefire between the government and the rebel Shia, a minister said Thursday. “The last thing we have is 350,000 refugees, or about 50,000 families, which is listed,” said Ahmed al-Kahlani, ministers of state who deal with the problem of refugees in the country, at a press conference in Sanaa, as quoted by AFP. United Nations High Commission for Refugees (UNHCR) says some 250,000 people displaced during the six-round war between the army and Shia rebels in the north. The last round ended on February 12 after six months of fighting.

Kahlani said the end of the war had made tens of thousands of people can come and register at the ministry. He added that the UN World Food Programme (WFP) have difficulty to provide assistance to the penungsi in poor areas, and only five to 10 percent of them have returned home.

“We can not force refugees to return home because we know their villages were destroyed, especially those in border lines with the (Arabic) Arabia where a number of villages were destroyed completely,” he said. Deputy UNHCR in Yemen, Claire Bouregois, told the same press conference, the situation in the rebel region in Saada “fragile” despite a ceasefire has been enforced.

A press conference was also attended by foreign envoys of Saudi Arabia, Zouheir Idrissi, which means the country’s promising aid to refugees in northern Yemen.

Northern rebels and the government has approved a ceasefire to end the war in the region. Several previous truce failed to be enforced.

The truce which came into force Friday (12 / 2) it is the government’s latest effort to end the rebellion in the north that has killed thousands of people and caused 250,000 people to flee.

Zaidi or Houthi rebel group, the name of their deceased leader, based in the mountains on the border of Saudi Arabia, where they engaged in battle with Yemeni and Saudi forces.

Government forces engaged in sporadic battles with Shiite groups since 2004.

Violence in southern Yemen has also increased in recent time was when separatist protesting against the administration of President Ali Abdullah Saleh who clashed with security forces killed three policemen and five protestors.

Tensions rose in southern Yemen after a protester was shot dead the police on February 13. The incident sparked riots in which the separatists set fire to shops owned by people north and attempted to blockade a main road. Authorities conduct security operations and arrested about 180 people in the southern provinces. Yemeni President Ali Abdullah Saleh of Yemen has urged people not to listen to calls for secession, which he said the same as treason.

North Yemen and South Yemen formally united to form the Republic of Yemen in 1990 but many in the southern region, which is where most of the oil in Yemen, said that the unification of the north uses it to control the natural resources and their discriminating.

Western countries and Saudi Arabia, Yemen neighbors, worried that the country will fail and Al-Qaeda used the turmoil to strengthen their grip on the impoverished Arab country and turn it into a place to launch further attacks.

Yemen into the world spotlight when the regional wing of Al-Qaeda of masterminding a bomb attack AQAP states fail against U.S. passenger plane on Christmas Day.

AQAP declared in late December, they gave Nigerians suspect “means that technically sophisticated” and told Americans that more attacks would be carried out. Analysts fear that Yemen will collapse under Shia rebellion in the northern region, the separatist movement in the southern region and the attacks of Al-Qaeda. Poor country that borders Saudi Arabia, the world’s largest oil exporting country.

Sanaa said that Yemeni forces kill dozens of al-Qaeda members in two attacks in December. British Embassy in Sanaa also become targets of suicide attacks planned Al-Qaeda Yemeni security forces foiled in mid-December. An Al Qaeda cell that was destroyed in Arhab, 35 kilometers north of the Yemeni capital, “aims to infiltrate and blow up targets including the British Embassy, government buildings and foreign interests”, according to a statement posted on the site 26Sep.net letter news of the defense ministry. Besides the rebellion, Yemen was hit by kidnappings of foreigners in recent years.(AFP)