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.
The African Petroleum Producers Association, which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally.
Libya´s two biggest oil ports, Ras Lanuf and Es Sider, will be able to open once security checks are made as forces backing the country's rival government have left the area after months of fighting, a National Oil ...
A tanker bound for Italy was loading 600,000 barrels of oil at the Libyan port of Hariga on Sunday, an oil official said, the eighth loading at the eastern terminal this month as exports continue despite fights betw ...
Libya's official government, operating out of hotels in the east after being driven from the capital, is unlikely to succeed in plans announced last week to divert the country's oil export income away from Tripoli.
Smugglers selling Libya’s heavily subsidized gasoline and diesel abroad at jacked-up prices are likely using at least some of the profit to finance fighting between the country’s rival governments, according to a U.N ...