Oil

Libya’s National Oil Corporation (NOC) said on Tuesday it had declared force majeure on exports from Zawiya oil terminal as production at Sharara oilfield dropped to 125,000 barrels per day (bpd).Production at Sharara, where some…

Production at Libya’s giant Sharara oil field is said to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown armed group, the National Oil Corporation (NOC) said.The…

Sources from Libya's Sharara oilfield said Saturday that four engineers, one of whom from Romania, were kidnapped and taken to an unknown place.The sources added that the engineers were abducted from their workplace by unknown armed…

Libya’s National Oil Corporation (NOC) said on Thursday that it was reopening the El Feel oilfield after resolving a dispute with guards over pay and benefits that shut it down in February.Production at El Feel was expected to reach…

Oil futures plunged on Wednesday as the market remained fixed on supplies resuming from Libya and rising trade tensions between the U.S. and China.The market shrugged off bullish government data showing U.S. crude stockpiles slumped…

The President of the United States Donald Trump has allegedly sent a letter on Tuesday to the Speaker of the Tobruk-based House of Representatives (HoR) Aqilah Saleh and the Head of the Tripoli-based Presidential Council, Fayez…

Libya’s Tripoli-based National Oil Corporation (NOC) said on Wednesday that four export terminals were being reopened after eastern factions handed them the ports.Force majeure, a legal waiver on contractual obligations, was lifted…

Libya’s national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.The NOC…

The Libyan eastern warlord of the self-styled army Khalifa Haftar said in a statement posted by the General Command of the Army that the oil terminals will be reopened and oil exportation will resume once the governor of the Central…

Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted US crude to levels not seen since late 2014.US light crude jumped 90 US cents, or 1.2%, to…

The National Oil Corporation (NOC) has also written to the UN sanctions committee and foreign embassies with evidence that it says shows Haftar’s allies have for years been offering questionable contracts in breach of UN resolutions,…

Libya’s National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, resulting in total production losses of 850,000 barrels per day (bpd) due to the closure of eastern fields and ports.…

Officials at Libya’s Zueitina oil terminal have not authorised a tanker contracted by Tripoli-based National Oil Corporation (NOC) to load its contacted shipment, while loading was also blocked at Hariga terminal.Zueitina and Hariga…

Libya’s oil production has been reduced to 315,000 barrels per day (BPD) as storage tanks at Hariga and Zueitina ports fill up due to eastern officials blocking exports, two Libyan oil sources said on Saturday. The production drop has…

Turkey voiced deep concern on Friday over the transfer of Libyan oil fields to a parallel company based in eastern Libya.In a statement, the Foreign Ministry referred to a decision by Khalifa Haftar that oil ports held by his forces…

Libyan businessman Husni Bey told Libyan News on Saturday that "The LNA’s decision to transfer authority of the Ras Lanuf and Es Sider ports to the eastern parallel National Oil Corporation (NOC) is a serious tactical mistake which…

The UN Secretary General Antonio Guterres voiced concern at developments in Libya’s oil crescent on Wednesday, calling for de-escalation and the return of oil resources to recognized authorities, his spokesman said in a statement.…

Libya’s UN-backed Government of National Accord warned on Tuesday that any new attempt by a rival administration in the east to export oil independently will be stopped after Khalifa Haftar handed the ports to a parallel oil body in…

Khalifa Haftar announced Monday the handover of oil installations under the control of his self-styled army to an administration that rivals Libya’s UN-backed government, after retaking them from militias.The strongman’s…

Khalifa Haftar announced Monday the handover of oil installations under the control of his self-styled army to an administration that rivals Libya's UN-backed government, after retaking them from militias.The strongman's…