A fragmented Libya faces internal violence, funded by foreign powers interested in controlling Libya’s future oil production.

OPEC increased oil production by 200,000 barrels per day in May, driven largely by Saudi Arabia’s push for accelerated output ...

Libya now holds shares in Afreximbank, enabling access to project financing • Move strengthens Libya’s role in regional infrastructure and trade initiatives • Bank’s shareholder funds rose to $7.5 ...

The production increases come after OPEC+ voluntarily cut output totaling 2.2 million barrels a day starting in January 2024 to support stability and balance in the oil market. It began phasing out ...

The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month ...

Libya’s Minister of Oil and Gas, Khalifa Abdul Sadiq, has participated in the 191st ministerial meeting of the Organization ...

Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows.  Dollar strength Friday weighed on crude prices ...

Oil edged down after a choppy session as traders parsed mixed messaging on the status of trade talks between the US and China ...

Crisis Looms in Libya as Militia Attacks Threaten Oil Production** In a troubling development for global oil markets, Libya's eastern government has warned of substantial disruptions to oil production ...

WTI crude oil (CLN25) today is down -0.55 (-0.90%), and July RBOB gasoline (RBN25) is down -0.0262 (-1.29%). Crude oil and ...

Eastern authorities threaten force majeure over key oil terminals • NOC denies export disruption, but internal divisions raise concerns • Oil output reached 1.38M bpd in April, highest in over a ...

As attacks increase around oil production sites, control of Libya's vast oil reserves - the largest in Africa - remains a ...