Oil & Energy

Report · 1 min read BBC: Global shift away from oil threatens Libya and other producer states, report warns The E3G think tank's "End of the Oil Age" report names Libya among the countries most exposed to a global demand shift that could trigger financial cr… 1 min read News · 1 min read OMV strikes commercially viable oil find in Libya's Sirte Basin The Austrian energy group says its Issar well holds up to 45 million barrels of recoverable oil, with Zueitina Oil Company set to fast-track developme… 1 min read News · 1 min read Oil prices ease as Brent settles at $103.87 and WTI slips below $101 Brent crude fell 0.91% to $103.87 a barrel at settlement, while US West Texas Intermediate dropped 1.58% to close at $100.30, according to CNBC. 1 min read News · 1 min read Aramco tells Europe: no oil next month Saudi Aramco has suspended crude allocations to at least two European refining customers after a drone attack forced a shutdown of the kingdom's East-… 1 min read News · 1 min read Libya Sells 1 Million Barrels of Crude to India at $23 Premium Indian Oil Corp bought one million barrels of Libya's Sarir/Mesla blend for November delivery at $23 a barrel above October Brent, trade sources told… 1 min read News · 1 min read Oil prices climb 3% as new attacks hit Saudi energy sites and Gulf shipping Brent rises to $107.54 a barrel and WTI to $102.93 after fresh strikes on Saudi infrastructure and Iranian attacks on vessels in the Gulf deepen suppl… 1 min read News · 1 min read Russia signals readiness to help modernise Libya's energy infrastructure Russian companies are prepared to work on Libyan power plants, oil export terminals and refineries given concrete proposals from Tripoli, the Russian… 1 min read News · 1 min read Petroleum Facilities Guard shuts down Zawiya oil refinery over unresolved pay demands Guards block the refinery with earth berms on Sunday morning, escalating a long-running dispute over unpaid dues and unresolved administrative status. 1 min read Report · 2 min read Libya among most exposed economies to future oil shock, European think tank warns E3G report projects global oil demand will peak after 2030, warning Libya's heavy dependence on crude revenues and internal political instability leav… 2 min read News · 1 min read Brent crude surges past $100 a barrel for first time since May as Middle East conflict escalates The global oil benchmark jumps more than 6 per cent in a single session, its highest level in over three months, as the war between the United States… 1 min read News · 1 min read Bank of America warns oil could hit $150 a barrel if US-Iran war drags on Tehran vows retaliation will continue as Washington says it destroyed three Iranian oil tankers, while Hormuz traffic remains thin and European gas pr… 1 min read News · 1 min read Brega launches 24-hour operations room to handle fuel complaints Brega Oil Marketing Company said the new operations room will track reports on fuel shortages, station closures and overcrowding as part of efforts to… 1 min read