Libyan protesters have shut down an eastern gas field and threaten to close the western Wafa oil and gas field, which would stop gas exports to Italy, a spokesman for state oil firm NOC said on Wednesday.
Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, o ...
Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency ...
OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said.
Italian energy giant Eni SpA has emerged in recent weeks as the only international oil company still pumping near capacity in war-torn Libya, helped by protection from militias and tribes secured by its local partner ...
One of the two factions battling for control of Libya took steps on Sunday to divert incoming oil revenue away from the central bank and into its own new account, a steep escalation in the contest over the country’s ...
Libya's internationally recognized government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country's rival administration in Tripoli.