Libya
News
September 25, 2017
OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.
News
September 06, 2017
Libya’s largest oil field resumed production after a halt of more than two weeks, putting pressure on OPEC and other producers seeking to rein in a global supply glut and firm up prices.
News
August 29, 2017
Libya’s central bank said recent disruption had slashed production by around 350,000 bpd, while unrest and shutdowns over the past three years have cost the OPEC member more than $160 billion in direct and indirect losses.
News
August 27, 2017
Two more oil fields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation’s plan to boost crude production.
News
August 22, 2017
Libya’s biggest oil field is set to boost production after the pipeline to an export terminal was reopened following three days of forced disruption.
News
August 21, 2017
Oil traded near the highest closing level in a week as OPEC member Libya halted production in its biggest oilfield.
News
August 20, 2017
Royal Dutch Shell Plc, the world’s largest oil trader, is said to have loaded its first crude from Libya in five years over the weekend, adding to evidence of the OPEC nation’s comeback.
News
August 17, 2017
Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again.
News
August 16, 2017
Libya’s biggest oil field, Sharara, is increasing production and the Zueitina port is again allowing tankers to load, paving the way for the OPEC nation’s crude output to rebound.
News
August 13, 2017
Libya’s biggest oil field has reduced crude production by more than 30% in recent days and the Zueitina export terminal ceased loadings over the weekend, throwing the OPEC country’s output back on a downward spiral.
News
August 07, 2017
Libya’s biggest oil field Sharara is “back to normal” after a disruption caused by protests, the country’s National Oil Corp. said.
News
July 23, 2017
Key OPEC and non-OPEC oil nations will discuss the situation involving producers Libya and Nigeria at a meeting on Monday, Russian Energy Minister Alexander Novak told reporters on Sunday.
News
July 19, 2017
Libya’s rebounding oil output is undermining the supply curbs masterminded by Saudi Arabia and Russia.
News
July 11, 2017
A proposal that Libya and Nigeria could have to accept limits on their crude production probably wouldn’t be enough to put OPEC’s faltering efforts to eliminate a global supply glut back on track.
News
July 03, 2017
Libya’s oil production has climbed to more than 1 MMbpd for the first time in four years, further complicating OPEC’s struggle to regain control of the oil market.
News
June 19, 2017
Libya is pumping the most oil in four years after a deal with Wintershall AG enabled at least two fields to resume production.
News
June 19, 2017
Oil markets are expected to balance in the fourth quarter even as output from fellow OPEC members Libya and Nigeria as well as from shale oil producers is on the rise, according to Saudi Energy Minister Khalid Al-Falih.
News
June 07, 2017
Libya’s biggest oil field shut down due to a protest by workers, stalling a revival in the politically divided country’s production of crude.
News
June 05, 2017
The rapid increase in Libya’s oil production is heading toward a hard ceiling.
News
May 31, 2017
Libya’s biggest oil field boosted production, allowing the OPEC nation to pump crude at the highest level since October 2014.
News
May 14, 2017
Libya is ratcheting up oil output with less than two weeks to go before the world’s biggest exporters decide whether to extend production cuts to clear a supply glut.
