Libya’s crude production has returned to 1.2 million b/d after the lifting of force majeure on oil fields and exports on July 15, state-owned National Oil Corp. said July 31, even as the OPEC member […]
Libya’s oil and gas minister in the UN-backed Government of National Unity expects oil production to return to “normal” levels of 1.2 million b/d in a week to 10 days as the OPEC member begins […]
(Bloomberg) — Libyan Prime Minister Abdul Hamid Dbeibah said the country’s crude exports are on track for full resumption after months of outages as he justified his replacement of the state-run oil company’s leadership. All […]
After an armed takeover of Libya’s National Oil Company (NOC) on Thursday, newly appointed chairman Farhat Bengdara has told media that he is in full control and that force majeure could be lifted on Libya’s oil exports […]
(Bloomberg) — Libya’s government, National Oil Corp. and protesters have reached an agreement to reopen oil fields and export terminals, officials said. The agreement will be announced later on Friday, the officials said, asking not […]
Libya’s western-based government has said the state oil company’s board must be dissolved and that its long-standing chairman, Mustafa Sanalla, should step down, according to several people familiar with the matter. The Government of National […]
Russia is threatening to use oil from neighboring Kazakhstan as a weapon against European countries supporting Ukraine. A court order this month to close the export terminal on the Black Sea for a month is a […]
Libya’s state oil company suspended shipments from the key eastern port of Ras Lanuf, according to people familiar with the matter, amid a worsening political crisis in the OPEC member. The National Oil Corp. informed […]
(Bloomberg) — Libya’s oil production has risen in the past week to around 700,000 to 800,000 barrels a day, according to Energy Minister Mohamed Oun. Oun, who gave the updated estimate on Monday, said on June 13 […]
Crude oil prices remained steady overnight Monday and edged up slightly on Tuesday as the ongoing refined product supply squeeze keeps oil prices elevated, OANDA analyst Jeffrey Halley said in a Tuesday note. In addition, […]
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