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Sep 4, 2024 · Oil prices extended losses on the back of Libya’s oil production coming back online and a persistent weak demand in China. Global benchmark Brent slipped 0.57% to $73.33 a barrel, while U.S ...
Sep 3, 2024 · September 03, 2024 at 8:52AM EDT. (Congressional Research Service () (Bloomberg) -- The Libyan central banker at the heart of a power struggle between the OPEC nation’s rival governments said a deal appears imminent to resolve the dispute and spur the resumption of vital oil output. Sadiq Al-Kabir, the governor whose attempted ouster by the ...
Aug 31, 2024 · August 31, 20241:17 PM PDTUpdated 7 days ago. Aug 31 (Reuters) - Libya's Sarir, Messla and Nafoura oilfields have received instructions to resume production, engineers at the three fields told ...
Aug 28, 2024 · Libya's oil blockade widened on Wednesday with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where...
Aug 30, 2024 · Oil prices pared back gains on Friday to close the week lower, despite supply disruption concerns in Libya and positive economic data from the US, the world’s largest economy.. West Texas Intermediate, the gauge that tracks US crude, fell 3.1 per cent to $73.55 per barrel at the market close on Friday. Brent, the benchmark for two thirds of the world's oil, dropped 1.43 per cent to $78.8 a ...
Sep 1, 2024 · Sun, September 1, 2024, 5:18 AM EDT · 2 min read. (Bloomberg) -- Libya’s exact oil output was clouded in uncertainty, with three fields ordered to gradually resume pumping even as production at ...
Aug 26, 2024 · Oil prices jumped to the highest in almost two weeks on Monday following reports that Libyan production had been shut down over political wrangling between its two governments.
Aug 28, 2024 · Libya’s oil output has more than halved this week — and risks taking close to 1 million barrels a day off the global market — as the country’s fields reduce operations amid a stalemate ...
Jan 7, 2024 · CAIRO (AP) — Production at Libya’s largest oil field was suspended Sunday, the country’s state-run oil company said, after protesters forced the facility to close over fuel shortages. The National Oil Corp. declared force majeure at the Sharara oil field in the country’s south starting Sunday.
Jan 21, 2024 · Libya’s state-owned oil company says production has resumed at the country’s largest oilfield, ending a more than two-week hiatus after protesters blocked the facility over fuel shortages.
