Is Libya’s Oil Output Set For A Steep Drop?
Libya’s National Oil Corporation has warned that the country’s crude oil production could drop sharply over the next nine months if the government in Tripoli does not release funds already Continue Reading
Libya’s Oil Industry Turns To China For Help
Libya NOC representatives traveled to China today to discuss China’s interest in helping to restore Libya’s oil industry that has suffered through years of civil unrest, according to the Libya Continue Reading
Oil Glut Could Worsen As Libya’s Civil War Ends
While the Persian Gulf crisis continues to escalate, oil markets have put Libya’s ongoing civil war on the backburner. This weekend, the shutdown of OPEC producer Libya’s giant Sharara field Continue Reading
Libya Lifts Force Majeure After Giant Sharara Field Starts Pumping Again
Libya has lifted its force majeure on Monday after it stopped loading crude oil for the weekend from the Zawiya terminal following the suspension of production from the country’s largest Continue Reading
Libya’s NOC declares force majeure at key Sharara oilfield after valve closure
Libya’s state oil company National Oil Corporation (NOC) declared force majeure late on Saturday at the country’s largest oilfield, El Sharara, after it was shut down the previous day due Continue Reading
Libya’s Oil Revenue Takes A Beating
Libya’s oil revenue took a beating in the first half of 2019 , according to its central bank as reported by Reuters. In the first six months of the year, Continue Reading
Libya’s Tripoli Government Blames U.A.E. for Deadly Airstrike
Libya’s United Nations-backed government blamed the United Arab Emirates for an airstrike that killed more than 50 people in Tripoli this week, suggesting a new level of foreign intervention in Continue Reading
Is This A Turning Point In Libya’s Civil War?
Libya’s civil war has taken a catastrophic turn, plunging the country even deeper into crisis. An airstrike hit a detention center for migrants on the outskirts of Tripoli, killing at Continue Reading
National Oil chairman says Libya must remain exempt from any OPEC production cuts
Libya must remain exempt from any OPEC production cuts, the country’s National Oil Corp quoted its chairman, Mustafa Sanalla, as saying in a tweet. Sanalla also said Libya has the Continue Reading
The Libya Conflict Just Took A Very Dangerous Turn
The conflict in oil-rich Libya has now widened to directly include Turkey, with General Khalifa Haftar launching an air strike on a Turkish drone and then seeking to calm the Continue Reading