Libya’s New Civil War
On April 4, Khalifa Haftar , the militia leader who controls eastern Libya, launched a large-scale offensive to capture the capital, Tripoli. The attack marked the collapse of negotiations to Continue Reading
One Huge Supply Risk Oil Market Shouldn’t Be Ignoring
While the oil market is fixated on the U.S.-China trade war for signs of demand, and on Iran, Venezuela, and the Middle East for signs of more supply disruptions, investors Continue Reading
Algeria to seek ‘good compromise’ over Total’s Anadarko deal: minister
Algeria’s energy minister said on Monday he would seek a “good compromise” when asked about his earlier comments that Algiers would block a plan by France’s Total to buy Anadarko’s Continue Reading
Algeria to block Total from buying Anadarko’s Algerian assets: minister
Algeria will block Total from acquiring Anadarko’s assets in Algeria, energy minister Mohamed Arkab told reporters on the sidelines of a conference on Sunday. Occidental Petroleum has agreed to sell Continue Reading
Libya’s NOC says plans to develop North Hamada oilfield
Libya’s state-run National Oil Corp (NOC) plans to start developing the North Hamada oilfield, in the northwest of the country, NOC said in a statement on Friday. “A technical team Continue Reading
Stalemate In Libya Could Cause Next Major Oil Supply Outage
The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. General Khalifa Haftar and his militia, the Libyan National Army Continue Reading
Trump Backed Libyan Warlord After Saudi Arabia and Egypt Lobbied Him
The leaders of Saudi Arabia and Egypt successfully lobbied President Trump to shift U.S. policy in Libya and reach out to the general leading an offensive against the country’s United Continue Reading
Libya’s $60 Billion Push To Double Oil Production
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion Continue Reading
Libya Govt Suspends Operations Of Oil Major Total
Libya’s UN-backed internationally recognized government has suspended the Libyan operations of as many as 40 foreign companies, including those of France’s oil and gas supermajor Total, Reuters reported on Thursday, Continue Reading
The Biggest Catalyst In Oil Markets Is Going Unnoticed
Oil prices have fallen sharply on fears of a global economic slowdown, but the markets are overlooking the possibility of a serious outage in Libya as civil war drags on. Continue Reading