Islamic State Attacks Libyan Oil Terminals
Islamic State fighters attacked two oil terminals in eastern Libya, setting on fire a large storage tank at one of the facilities, Libyan oil officials said on Monday. The attacks Continue Reading
Eni praises role of Tripoli’s national oil company
Less than a week after the signing of Libyan political agreements, Italian energy company Eni said it welcomed the state oil company’s role in national unity. Eni Chief Executive Officer Continue Reading
Peace in Libya Is Signaling More Pain in the Oil Market: Chart
The year 2016 may prove a time in which the theoretical underpinnings of the old adage that “the best cure for low prices is low prices” is challenged, according to Continue Reading
Libya Peace Deal Won’t Be Enough to Restore Former Oil Output
Libya’s United-Nations-brokered peace deal may help calm deepening political turmoil, but the North African nation will struggle to restore oil production to levels reached before the Arab Spring five years Continue Reading
Libya’s Rival Factions Sign Deal for Unity Government
Representatives of Libya ’s dueling parliaments signed a United Nations -brokered agreement on Thursday to form a national unity government that supporters said was an important and long overdue step Continue Reading
Libya’s Eastern Oil Company to Sign Oil Sales Amid UN Peace Deal
The National Oil Corp. affiliated with the internationally recognized government in eastern Libya said it will sign agreements with six companies to sell the country’s crude oil after a peace Continue Reading
Chaos in Libya: It’s the oil, stupid
There is seems no end to the bad news coming out of Libya. UN-led negotiations to unite the divided country — it has two parliaments, two governments, two militia coalitions Continue Reading
Libyan Factions Urged to Form Unity Government
Diplomats from 17 nations on Sunday urged leaders of some of Libya’ s rival political factions to form a unity government that could reverse the nation’s descent into anarchy and Continue Reading
Swiss oil trader Vitol may supply Libya with fuel
The future of oil-rich Libya and its energy supplies may depend in part on the independence of the country’s National Oil Corp., Swiss oil trader Vitol said. Vitol, the largest Continue Reading
Glencore Says Disputed Libyan Oil Deal Has Global Support
Glencore Plc oil chief Alex Beard defended the company’s crude-export contract with Libya’s National Oil Corp. in the west of the divided country after the competing administration in the east Continue Reading