Libya’s National Oil Company has confirmed that is has lost virtually all of its oil production, at 1.2 million barrels per day of oil production, and $77 million in daily Continue Reading
The U.S. Embassy in Libya said on Tuesday that the country’s National Oil Corporation (NOC) should be allowed to immediately resume oil operations that were suspended over the weekend after Continue Reading
Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade of its export terminals has forced a rapid shutdown of production Continue Reading
Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing Continue Reading
Tribal groups loyal to General Khalifa Haftar have blocked oil exports from eastern Libyan ports and have also seized several oil fields in the south ahead of peace talks between Continue Reading
OPEC member Libya was producing between 1.15 million and 1.20 million b/d last week before the blockade began. Libyan crude production averaged 1.06 million b/d in 2019, according to S&P Continue Reading
As world powers back a cease-fire in Libya to end months of fighting, a recent injection of mercenaries by rival foreign backers threatens to unravel efforts to establish a long-term Continue Reading
Libya’s oil operations have been dealt a blow during the last 24 hours, after local Libyan tribes, allies of Libya’s General Haftar’s LNA, disrupted production at the El Feel and Continue Reading
Countries struggled at an international peace summit for Libya struggled on Sunday to draw eastern military commander Khalifa Haftar back into diplomacy, days after he quit talks and more than Continue Reading
When top American and European officials gather in Berlin for a one-day summit on Sunday, they will try to persuade Libya’s warring sides — and their main international backers — Continue Reading
