Tag Archives: Libya

Oil up 2% on Libya Shutdowns, Mideast Escalation Fears

Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on concerns that an escalating Gaza conflict could disrupt regional oil supplies. Brent crude futures climbed $1.64, or 2.08%, to $80.66 a barrel by 1041 GMT, while U.S. crude futures were at …

Read More »

Force Majeure Declared at Libya’s Largest Oilfield

Libya’s National Oil Corporation (NOC) has declared force majeure at the Sharara oilfield, after protests halted production at the country’s largest field earlier this week. Considering the current circumstances at Sharara that prevented NOC from carrying out crude oil loading operations, the state oil company of Libya declared force majeure …

Read More »

Libya, Yemen Eye New Partnerships on Energy

Libyan Prime Minister Abdul Hamid Dbeibeh and his Yemeni counterpart Ahmed bin Mubarak discussed energy cooperation between the countries. A Libyan government statement said the two leaders dwelt on the establishment of new partnerships and cooperation between the countries in the field of energy. During a phone call, the “regional …

Read More »

Libya Lifts Force Majeure on Sharara Oil Field

Libya’s National Oil Corp. (NOC) announced Sunday the lifting of a force majeure declaration for Sharara, two weeks after pausing production citing a blockade by residents. The NOC did not provide further details besides saying in a statement on its website that it was “declaring lifting of force major and …

Read More »