Bloomberg | Sheela Tobben: President Donald Trump said during an address from the White House Wednesday that the U.S. no longer needs oil from the Middle East, but American refineries still use the kind of oil that region produces. Thanks to booming shale production, the U.S. reduced shipments from the Persian Gulf to a 30-year low last year. Still,...

With much of the Middle East and North Africa in a static state of upheaval, Iran could be the unlikely winner of the post-Arab Spring energy prize, Graeber writes. Instability inLibyaand other parts ofNorth Africamay be giving international investors the jitters. In August, U.S. energy explorerApache Corp.said it had enough of the political upheaval ...