Browsing: Oil & Gas

Oil prices were steady on Monday after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top oil producers.

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The General Electricity Company of Libya (GECOL) has warned the residents of the western town of Khoms to expect more hours of power cuts after the town’s power plant lost 400 megawatts due to low gas pressure.

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