Libya
News
May 11, 2022
Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult.
News
May 03, 2022
Armed clashes, damaged storage tanks and political protests at key ports have hobbled Libya’s ability to export oil, cutting shipments to the lowest level since October 2020.
News
April 25, 2022
Libya’s oil ministry said fields shut down by protesters may reopen within days, potentially allowing the OPEC member to get back to full production.
News
April 18, 2022
Oil rose with the shutdown of Libya’s biggest oil field in an already under-supplied market overshadowing signals that China’s lockdowns are weighing on its economic growth.
News
April 17, 2022
Two Libyan ports have been forced to stop loading oil after protests calling for Prime Minister Abdul Hamid Dbeibah to step down spilled over into the OPEC member’s energy sector.
News
January 13, 2022
Libya’s oil production is rising gradually after a blockade of its western fields ended and ports in the east re-opened, according to the OPEC member’s energy minister.
News
January 10, 2022
Libya’s oil exports, already sharply curtailed following a blockade by paramilitaries in the west, are set to fall further after bad weather closed ports in the east.
News
January 03, 2022
Russian gas giant Gazprom PJSC missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades.
News
January 03, 2022
Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline.
News
January 25, 2021
Iraq pledged to cut output in January and February after pumping more than its OPEC+ quota last year, and Libyan guards halted some crude exports after a pay dispute. Crude was also buoyed by a renewed climb in global equity markets as investors focused on the prospect of additional stimulus.
News
January 21, 2021
Libya is seeking funding from foreign oil companies to fix its ailing infrastructure after years of war and neglect, the nation’s top energy official said.
News
January 15, 2021
The OPEC member’s output has fallen to around 1 million barrels daily in the wake of Waha Oil Co.’s decision to shut a key pipeline taking crude to Libya's largest oil port, Es Sider.
News
December 11, 2019
Libya’s state energy company approved French oil giant Total SA’s acquisition of Marathon Oil Corp.’s assets in the North African country in a deal that could boost the OPEC nation’s production capacity.
News
December 06, 2019
Turkey and Libya officially approved a contentious maritime deal that may fuel an energy showdown in the gas-rich waters of the eastern Mediterranean, where both countries are at odds with Greece.
News
October 22, 2019
Petrofac will provide FEED and conceptualization studies to clients in Oman and Libya following the award of a clutch of new contracts.
Article
March 2018
Crude prices tumbled in February over fear of unfettered U.S. shale output, and a combined increase of 130,000 bpd by OPEC members Libya, Nigeria and Venezuela.
Article
October 2017
Middle East/North Africa grapples with production cut commitment, despite urge to boost output
News
May 14, 2017
Libya is ratcheting up oil output with less than two weeks to go before the world’s biggest exporters decide whether to extend production cuts to clear a supply glut.
News
May 08, 2017
Libya is pumping the most oil since October 2014 as the OPEC member restores output amid progress in mending the nation’s political divisions. The increase adds pressure on the world’s biggest producers who just signaled they may extend production cuts as oil slumps.
News
May 01, 2017
Oil declined as rigs targeting crude in the U.S. rose for a 15th week and production in Libya rebounded.
News
May 01, 2017
Libya’s crude production rebounded to more than 700,000 bpd as the OPEC member’s biggest oil field and another deposit in its western region resumed pumping after a halt.
