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#Oil

Libya’s oil production ascending once again

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.…

Libya’s key oilfield Sharara resumes production

Libya’s largest oil field resumed production after a halt of more than two weeks, putting pressure on OPEC and other producers seeking to rein in a global supply glut and firm up prices. Libyan authorities reopened a valve on the…

Libya’s Al-Zawiya oil refinery operating in half capacity

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…

Haftar aims at Russian ties in oil sector, report says

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 oilfield Sharara resumes production

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…

Libya’s oil production jumps higher to flood market

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…

Oil prices increase as conflicts in Libya, Iraq intensify

Seeking Alpha - A new set of geopolitical conflicts buoyed oil prices higher today after yesterday's sell-off pushed WTI below its 50-day moving average. Conflicts in Iraq and Libya were the main reason for the rise in oil…

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