Oil pumps again in Sharara oilfield in Libya

Oil steadied after its steepest weekly loss in a month as Libya resumed production at its biggest oilfield following a brief halt.Futures in New York rose 0.2 percent after a 3.6 percent decline last week. The…

Porsche wants to make flying taxis, Head of sales says

Reuters reported that Volkswagen’s (VOWG_p.DE) sports car maker Porsche could develop a flying passenger vehicle to compete with rivals in a possible market for urban air taxis and ride-sharing services, Porsche sales chief Detlev…

Pakistani oil engineer kidnapped by armed groups in Ubari

An unknown armed group kidnapped a Pakistani engineer working in an oil field near the southern Libyan city of Ubari, some 900 km south of the capital Tripoli."The continued kidnappings and absence of official security in the south…