OPEC

Official statistics have shown that because of the blockade enforced on oil facilities by Haftar forces, Libya's oil revenues decreased by 92% last year, a steep plummet that played a massive role in debilitating the economy by cutting off…

Qatar announced on Monday it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel’s constraints with the politics of slighting the Saudi-dominated group amid the kingdom’s boycott of Doha. The…

Libya’s National Oil Corporation (NOC) Chairman, Mustafa Sanallah expects OPEC and allied producers to exempt the country from any future cuts in crude output.“The OPEC community has understood the difficulties we face –- Libya has…

Libya and Nigeria – the only two exempt members of OPEC oil production cuts– have stated their willingness to ramp up their output in 2018.Libya's National Oil Corporation has sought funds and financial supports from the Libyan…

The Organization of Petroleum Exporting Countries (OPEC) has reached an agreement last week with Libya to set limits on its oil production .The surprising agreement reported by the American agency Bloomberg, which consists of a…

The Organization of Petroleum Exporting Countries (OPEC), will not force limits on Libya's production of crude oil.According to the final report published by OPEC on its official website, Libya will be exempt from cutting production…

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…

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.…

Nigeria's oil minister and the head of Libya's state oil company are likely to attend a joint meeting between OPEC and non-OPEC nations on Friday, two OPEC sources said, to discuss the progress of their deal to limit output.Both…

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…

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…

OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal.A dip in supply…

Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push…