Coverage of Ukraine's newly inked deal with the International Monetary Fund is like the proverbial blind men and the elephant. Russia Today's headline is "Ukraine parliament passes austerity bill required by IMF," whereas the EU-aligned EurActiv put it: "IMF extends generous assistance to Ukraine." Forbes smarmily goes one better with "Ukraine Welcomes IMF Austerity Regime." RT tells us: "It is ordinary Ukrainians who will suffer the most under the new austerity measures as the floating national currency is likely to push up inflation, while spike in domestic gas prices will impact every household." But Reuters fleshes out the context for this a bit: "Moscow will not make it easy and Ukraine is already feeling some consequences from its break with Russia. Prime Minister Arseny Yatseniuk said...the price the country would pay for Russian gas, which accounts for over half of Ukrainian gas imports, would soar by almost 80 percent from April 1 as the seizure of Crimea had rendered a cheaper gas deal obsolete." So it seems that Russia as well as the IMF is imposing privation on Ukrainians, and is especially responsible for the spike in gas prices.

Iraq's oil production surged to its highest level in over 30 years last month. In its monthly oil report published March 14, the International Energy Agency said Iraq's oil output jumped by half a million barrels a day in February to average 3.6 million barrels a day. The country hasn't pumped that much oil since 1979, when Saddam Hussein rose to power. (WSJ, March 14) Paradoxically, the jump comes amid a new outbreak of Iraq's terrorist insurgency. A series of car bomb attacks targeting commercial areas and a restaurant killed at least 19 people March 15 in Baghdad. On March 9, a suicide car bomber detonated his explosive-laden vehicle at a checkpoint where dozens of cars were lined up in the southern city of Hillah, killing 21 civilians—the deadliest of a series of attacks that killed 42 people that day. Last year, Iraq saw the highest death toll since 2007. The UN said violence killed 8,868 last year in Iraq. (AP, March 15; AP, March 9)

Libyan prime minister Ali Zeidan fled to Europe in a private jet March 12, in defiance of a travel ban, after the General National Congress (GNC) ousted him in a vote that many members said did not follow legal procedures. The Islamist-led GNC took the move over Zeidan's failure to prevent a North Korean tanker loading oil from a port controlled by rebels in the eastern region of Cyrenaica. Zeidan had threatened to bomb the tanker at al-Sidra port, demanding that "All parties must respect Libyan sovereignty." Replied Rabbo al-Barassi, who heads the Cyrenaica executive bureau formed in August by "federalist" rebels: "We announce to Libyans and to the whole world that we have begun exporting oil. We are not defying the government or the Congress. But we are insisting on our rights." There were reports of a fire-fight at the port as the vessel departed March 12, but it succeeded in slipping through a Libyan naval bloakcde and getting away. Tripoli has asked other countries to try intercept the ship. 

In response to the Crimea crisis, EU Energy Commissioner Guenther Oettinger announced he is to delay talks with Russia on the South Stream gas pipeline that would export Russian gas via the Black Sea. The South Stream line strategically bypasses Ukraine, which currently hosts the main arteries for export of Russian gas. (Reuters, March 10) The European Commission has already postponed discussion of the OPAL pipeline, part of the Nord Stream project, which similarly bypasses Ukraine via the Baltic Sea. (Voice of Russia, March 11) Russia's giant Gazprom, which uses the existing Nord Stream line to send gas to Germany, plans to start shipments to Europe through the South Stream line at the end of 2015. Russia is seeking to boost gas exports to Europe as much as 23% over the next 20 years. (Bloomberg, March 12)

Some 1,200 employees of the Mexican oil company Oceanografía SA de CV began blocking the four entrances to the Laguna Azul industrial dock in Ciudad del Carmen in the eastern state of Campeche early on the morning of March 7, disrupting the operations of at least 40 companies that provide services to Petróleos Mexicanos (Pemex), the government's giant oil monopoly. The workers were demanding payment of wages that have been held up since the government's Finance Secretariat took over the bankrupt company at the end of February after it became mired in allegations of fraud.

Libya's parliament moved to a Tripoli hotel March 3, a day after protesters stormed the building, killing a guard and wounding six legislators. Protesters swept the parliament chamber while it was in session, firing live rounds, throwing bottles at lawmakers, and setting fire to furniture, while chanting "Resign, resign!" Elected after the 2011 uprising, the parliament has sparked popular anger by extending its mandate, which was meant to have expired on Feb. 7, until the end of December. For weeks, hundreds of protesters have held daily demonstrations demanding the parliament be dissolved. (Al Jazeera, March 3)

The Costa Rican government announced Feb. 4 that it is preparing to file a new complaint against Nicaragua with the International Court of Justice at The Hague, accusing Managua of offering Costa Rican maritime territory to international oil companies. Nicaraguan President Daniel Ortega has dismissed the charges, stating the area in question clearly falls within the country’s maritime borders, as outlined by an ICJ ruling of November 2012. The announcement marks the third ICJ case between the two nations. Costa Rica filed the first complaint in November 2010, accusing Nicaragua of seizing Isla Portillo (also known as Isla Calero and Harbour Head Island) in the Río San Juan, which forms the common border. In December 2012, Nicaragua filed a grievance charging that Costa Rica's construction of a highway along the San Juan was causing environmental damage. The first claim was upheld by the ICJ in n November 2013, with the court ordering Managua to remove all personnel and equipment from the disputed island. In December 2013, the Court rejected the second claim, finding that “Nicaragua has not...established the existence of a real and imminent risk of irreparable prejudice to the rights invoked" in the highway project.

The Turkish armed forces on Jan. 29 attacked a convoy of al-Qaeda-linked rebel group ISIS in Syria in, destroying three vehicles, according to Turkish media reports. Turkish F-16s apparently struck the convoy "after militants opened fire on a military outpost" on the Turkey-Syria border. (Al Jazeera, Jan. 29) The skirmish comes amid reports that both ISIS and the Nusra Front, both al-Qaeda affiliates, have seized control of most of Syria's oil and gas resources, which lie in the country's north near the Turkish border, and are using the proceeds to underwrite their wars against both rival rebels and the Bashar Assad regime. While the oil and gas fields are in decline, control over them has been key to the growing power of the two groups. ISIS is even said to be selling fuel to the Assad government—lending weight to claims by opposition leaders that the regime is secretly backing the Qaedists to weaken the other rebel armies and discourage international support for their cause. (NYT, Jan. 28; The Telegraph, Jan. 20)