Libya
News
October 22, 2018
BP and Eni could re-start work on a project in Libya in the first quarter next year, setting the stage for the OPEC member to boost production by up to 100,000 bopd.
News
October 08, 2018
A letter of intent (LOI) was signed in London by National Oil Corporation chairman Eng. Mustafa Sanalla, BP group chief executive Bob Dudley and Eni CEO Claudio Descalzi.
News
September 10, 2018
Libya’s National Oil Corp. will carry out operations as usual across the country after security forces quashed a deadly attack on the state company’s headquarters in the capital Tripoli, the NOC’s chairman said.
News
September 04, 2018
OPEC crude production rose in August to the highest level this year as a recovery in Libyan output helped to offset a cut in Iranian exports due to U.S. sanctions.
News
August 13, 2018
OPEC crude production rose in July, despite sliding output in Libya, Iran and Saudi Arabia.
News
July 18, 2018
Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again.
News
July 16, 2018
Oil output at Libya’s biggest field is set to drop by about half after authorities evacuated staff and shut wells for safety following the armed abduction of several workers at the Sharara deposit, according to the state National Oil Corp.
News
July 13, 2018
Oil headed for a weekly loss as escalating trade tensions between the U.S. and China rattled investors, while Libya’s plans to restore output allayed fears of a supply crunch.
News
July 11, 2018
Libya’s eastern oil ports will resume shipments after the state energy producer regained control of the terminals following clashes in the region last month.
News
July 11, 2018
Oil fell toward $73/bbl in New York after U.S. President Donald Trump escalated a trade war with China, heightening fears that global economic growth could be caught in the cross-fire.
News
July 09, 2018
Libya’s oil output will keep dropping day by day if major ports remain closed after clashes last month led to a political deadlock, the head of the country’s state energy producer said.
News
July 02, 2018
Libya’s National Oil Corp. declared force majeure on another two oil ports, removing thousands more bbl from the market as global supply concerns put pressure on OPEC to ramp up production.
News
June 28, 2018
The chairman of Libya’s National Oil Corp. in Tripoli said he’s confident that the U.S. and other world powers would help block authorities in eastern Libya from exporting any crude after militia captured key ports there.
News
June 21, 2018
Libya’s state oil company plans to start exporting again “soon” from two of the country’s biggest oil ports after eastern military commander Khalifa Haftar retook control of the terminals following clashes with a rival military force.
News
June 14, 2018
Two of Libya’s biggest oil ports stopped loading crude after armed forces clashed nearby, taking more bbl off the market just as OPEC mulls proposals to boost production.
News
April 23, 2018
An attack on an oil pipeline supplying Libya’s biggest export terminal has reduced the North African country’s production by at least 80,000 bpd and would take several days to repair, the National Oil Corp. said Sunday.
News
April 23, 2018
French oil giant Total SA said last month it had acquired Marathon Oil Corp.’s assets in Libya in a $450-million deal.
News
April 19, 2018
Fuel smuggling is costing Libya about $750 million a year, the head of the country’s National Oil Corp. said.
News
March 15, 2018
Things are looking up for Libya oil traders.
Article
March 2018
Crude prices tumbled in February over fear of unfettered U.S. shale output, and a combined increase of 130,000 bpd by OPEC members Libya, Nigeria and Venezuela.
News
March 05, 2018
Libya’s Sharara oil field, the country’s biggest, began pumping after the reopening of a pipeline to the Zawiya refinery.
