Kuwait Anoounces Force Majeure on Oil Exports

• Tuesday, 21st April 2026
• by Fatma Ahmed

Kuwait has moved to protect its contractual obligations after disruptions to tanker traffic in the Strait of Hormuz forced it to suspend part of its oil export commitments, Reuters reported, citing Bloomberg News. Kuw...

Libya Records $4 Billion Losses of Oil Revenue Since January

• Wednesday, 15th April 2020
• by Editorial Team

A blockade of oil and gas facilities in Libya has resulted in severe financial losses totaling $4,087,913,653 since mid January, according to a press release. National Oil Company (NOC) facilities were shut down on Ja...

Libya’s Oil Revenues Decline to $1.3 B in Q1

• Thursday, 9th April 2020
• by Fatma Ahmed

The Central Bank of Libya announced that the total Libyan oil revenue recorded $1.3 billion in Q1 2020, Reuters reported. This decline in the revenue came as a result of the blockade imposed by the forces in Eastern L...

UN Envoy to Libya Proposes EU Naval Blockade of Oil from the Country

• Sunday, 8th March 2015
• by Egypt Oil & Gas

The EU is discussing the possibility of setting up a naval blockade of crisis-plagued Libya. The move could help to control oil exports, stem the movement of weapons fueling the conflict, and prevent the flood of refu...