Aug 28 (Reuters) – Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped by supply risks in the […]
An attempt to replace the central bank governor led to a shutdown of eastern Libyan oil fields. Libyan Central Bank Dispute Shuts Down Oil Production Global oil prices jumped more than 7 percent Monday amid […]
Much of the focus in the oil market has been on the Middle East for months — but on Monday, attention was turning to North Africa, with reports that Libya’s eastern government had halted crude […]
The shutdown of the Sharara oil field in Libya disrupts production due to the arrest of a military leader’s son. Political instability and disputes over oil revenue sharing continue to hamper Libya’s oil industry. International […]
Nigeria’s $20 billion Dangote plant has had to increase imports due to insufficient domestic supplies Nigeria’s Dangote Refinery is in negotiations with Libya to secure crude oil for its 650,000 barrels per day (bpd) plant, […]
The European Union has five main sources for natural gas: indigenous production (mostly the Netherlands), Norway, North Africa (Algeria and Libya), Russia and LNG. According to Navigant Consulting’s Global Market Intelligence Database, the total amount […]
Yahoo Finance NEW YORK (Reuters) –Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures […]
Daily Standup Top Stories OPEC+ set to hold monitoring meeting in early February January 3, 2024 Allen Santos Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee […]
(Bloomberg) – Libya’s largest oil field halted production after protesters entered the facility, according to a person with direct knowledge of the operations. Libya’s Sharara oil field The country’s National Oil Corp. had warned earlier […]
Of all the things he’s found in the blue Mediterranean waters of Derna, the many bodies of children with vacant eye sockets and protruding bones haunt Bashir Saqr El-Hassi the most. The 42-year-old Libyan coastguard […]
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