The Libyan national oil company declared 11 oil fields nonoperational because of “theft, looting, sabotage and destruction” by “unidentified armed groups,” the company said in a statement late Wednesday.
A drop in shale oil production has triggered a rebound of global oil prices, but prices will not rise sharply as long as the world's economy stays sluggish, Kuwaiti Oil Minister Ali Al-Omair was quoted as saying
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 ref ...
Rival Libyan forces carried out tit-for-tat air strikes on oil terminals and an airport on Tuesday, escalating their battle for control of the oil-producing country days before United Nations peace talks are to resum ...
Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African n ...
Libya has resumed oil exports from the eastern port of Zueitina after an almost year-long suspension and is also testing a pipeline to restart exports from Hariga port, officials said on Sunday.
Libya aims to boost production at the southeastern Sarir and Messla oilfields feeding the Hariga terminal to 180,000 barrels a day, a spokesman for the state operator said on Wednesday.
Libya's internationally recognised government has said it will end all contracts with companies from Turkey, a country it has accused of supporting a rival administration.
Libya's El Sarir oil field is still unable to pump oil to Hariga port after sabotage on a pipeline just north of the field where repairs are ongoing, an oil official said on Sunday.