Oil

Crude slipped from the highest level in two and a half years amid light trading volume and reports that repairs to a Libyan pipeline should wrap up next week.Futures fell as much as 1.1 percent in New York amid holiday trading…

A group of gunmen have blasted a pipeline pumping crude oil to Al-Sider port on Tuesday, cutting Libya’s oil production by up to 100,000 barrels per day (bpd), military and oil sources reported on Monday.The Libyan National Oil…

Three workers, two of them Sudanese, died in an accident at Libya’s Zelten oil and gas field on Saturday, an oil source said.They died after inhaling gas during maintenance works, the source said, adding that a fourth person was…

After two dozen crude-producing nations agreed to limit their output through the end of 2018, oil prices rose high on Friday, heading toward 2½-year highs.International Brent crude scale surged 1.8%, to $63.74, not far off last…

The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah was named Tuesday the Chief Executive of the Year at the Petroleum Economist Annual Awards gala ceremony in London. The award for Sanallah came as his…

Smugglers have been stealing fuel in Libya and selling it on across Europe, according to Italian police.Italian police said on Wednesday that they had broken up a network selling low-quality Libyan diesel fuel worth…

OPEC oil output has risen this month by 50,000 barrels per day (bpd), a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the producers exempt from a supply-cutting deal.The survey also…

Libya’s oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 barrels a day even as OPEC and allied suppliers step up efforts to contain a global glut, Bloomberg reported.…

Foreign workers at Libya's Sharara oil field, which is currently shut, have been temporarily evacuated because of unspecified information about activity nearby, an engineer at the field said on Monday, Reuters reported.Sixteen…

Libya’s Al-Zawiya oil refinery, which is the largest operating plant in the country, was working at only half its capacity due to the shutdown at the Sharara oilfield, a source at the refinery told Reuters on Monday.The Al-Zawiya…

Libyan naval forces on Sunday seized a Liberian-flagged oil tanker and detained its mainly Filipino crew on suspicion of smuggling oil off the Abu Kammash area west of the capital Tripoli, a naval spokesman said.Libyan coast guards…

In a sign that Libya’s powerful military is moving closer to Russia, so-called Libyan National Army (LNA) commander Khalifa Haftar—the man responsible for recapturing the country’s oil ports and essentially restarting production—is…

Libya's biggest oil field started raising production as an export terminal re-opened for tanker loading.Crude oil output at Sharara--the biggest field in Libya, which is exempt from OPEC cuts--rose to 230,000 bpd on Tuesday—a 30,000…

The Zueitina oil terminal in Libya has ceased loading cargos as port workers protest, demanding better working conditions, Bloomberg quoted the head of the workers’ union Merhi Abridan as saying. This means that oil coming from the…

The relatives of the Libyan nationals who are detained by Saudi Arabian authorities have blocked the pipelines of cars and aircraft fuel that lie between Al-Zawiya oil refinery and Tripoli in protest of the silence and negligence of the…

Libya’s crude shipments jumped to a new three-year high last month, dealing a fresh blow to Opec and allied oil-producing nations as they battle to restrict a global supply surplus that’s depressing prices for the commodity, Gulf News…