Big Oil Faces Multibillion Dollar Fallout From Algeria Crisis
The oil patch is reeling from a political crisis in Algeria that first saw Exxon halt its prospective shale ambitions in the country, and has now spread to major trading Continue Reading
Libya’s NOC discussing ways to keep output stable as civil war looms
Highlights Production remains unaffected Further escalation in violence seen likely Zawiya export terminal, refinery at risk London — Libya’s National Oil Corporation said Tuesday it is discussing way to keep Continue Reading
How Libya’s Haftar blindsided world powers with advance on Tripoli
Western diplomats sat down for three hours with Libyan commander Khalifa Haftar in his eastern stronghold last month to try to dissuade him from launching an offensive against the internationally Continue Reading
Libyan Warlord’s Aircraft Attack Tripoli Airport, Defying U.S. Pressure
Warplanes loyal to Gen. Khalifa Haftar shelled the Libyan capital’s only functioning airport, as the rogue military commander defied U.S. calls to halt an assault on Tripoli. Mr. Haftar, who Continue Reading
U.S. Removes Troops From Libya Amid Fighting in Capital
The U.S. military said it pulled a small contingent of American forces from Libya as the country teetered on the brink of full-scale civil war, with fighting continuing around the Continue Reading
Libya crisis: Fighting near Tripoli leaves 21 dead
Gen Haftar’s forces prepare for Tripoli battle Libya’s UN-backed government says 21 people have been killed and 27 wounded in fighting near the capital, Tripoli. US Secretary of State Mike Continue Reading
Oil Markets On Edge As Military Clash Looms In Libya
Libya is heading for a military showdown as East Libyan strongman General Haftar has initiated a full confrontation with the UN-backed West-Libyan GNA Al Serraj government, based in Tripoli. After Continue Reading
Analysis: Libya’s security on high alert, threatening oil, gas sector in West
Highlights Oil towns of Zawiya, Sabratha key to LNA control Export terminal and refinery at Zawiya at risk Risk of outages, but maybe stability long-term London — The threat of Continue Reading
Egypt to slash fuel subsidies as it nears end of IMF program
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of Continue Reading
Libyan Crisis Presents New Worry for White House—and Oil Markets
A mounting conflict in Libya is threatening to upset the global supply of oil at a time when prices are booming, and increases the likelihood that the U.S. will renew Continue Reading