Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum that ends on Friday.
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The chairman of Libya’s National Oil Corporation (NOC), Farhat Bengdara, called upon executives of the Waha Oil Company to complete…
Oil steadied on Wednesday, giving up most of its earlier gains, as Middle East supply concerns arising from the Israel-Hamas war and the shutdown of a top Libyan oilfield balanced rising U.S. output and worries about weak economic growth, according to Reuters.
Chairman of Libya’s National Oil Corporation (NOC), Farhat Ben Qaddara, met in Benghazi today with community representatives from the country’s southern region of Fezzan.
Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses.
Prime Minister Abdul Hamid Dbeibeh declared on Monday that Libya’s Fuel subsidy system is “a drain on the state budget”, according to a statement by his media office.
A recent report by Oil Price pointed to the continued impact of Libya’s political and security turmoil on the country’s…
Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, according to Reuters.
The Central Bank of Libya said Sunday that the country’s oil revenues in 2023 were 111.4 billion Libyan dinars (about 23.3 billion U.S. dollars).
Libya’s National Oil Corporation (NOC) declared force majeure at the country’s largest oilfield, Al-Sharara, on Sunday, citing production shutdown by protesters.