Benchmark Brent crude rose about $1 a barrel on Wednesday after reports of an outage at Libya’s largest oil field stoked supply concerns over tensions in the Red Sea. By 1346 GMT, Brent crude rose 63 cents to $76.52 per barrel, while US West Texas Intermediate crude futures rose 50 cents to $70.88 per barrel. … Read more
The Supreme Council for Energy and Water Affairs held its ninth regular meeting at the headquarters of the Audit Bureau, in the presence of the Prime Minister of the National Unity Government, Abdul Hamid Al-Dabaiba, the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, the President of the Audit Bureau, Khaled Shakshak, and the … Read more
The official spokesman for the Brega Oil Marketing Company, “Ahmed Al-Masalati,” revealed exclusively to Sada Al-Eqtisadiah that the Board of Directors of the Brega Oil Marketing Company is closely monitoring the operational operations from the Misrata Oil Depot with continued supply operations to the Sebha Oil Depot. He continued by saying: In light of the … Read more
Sada Al-Iqtisadiah newspaper has exclusively obtained the correspondence of the Minister of Oil and Gas, “Mohammed Aoun,” which he addressed to the National Oil Corporation regarding the halt of production at the Sinaon Nc100 field and the Tahara Nc4 field. During which he stated that such procedures raise doubts about the credibility and integrity of … Read more
The NC7 field is located in the Hamada area and was explored more than 45 years ago. It is 100% owned by the Gulf Oil Company, a subsidiary of the National Oil Corporation. The field was neglected due to the state’s lack of interest in gas at that time and was not developed. According to … Read more
Kuwait – The Amiri Diwan of the State of Kuwait announced yesterday, Wednesday, the issuance of an Amiri decree forming the new government, headed by Sheikh Mohammed Sabah Al-Salem Al-Sabah. The Amiri decree included the appointment of Sheikh Fahd Yousef Saud Al-Sabah as Deputy Prime Minister, Minister of Defense, and Acting Minister of Interior, while … Read more
Nesreen SuleimanTripoli – Al-Quds Al-Arabi: After the relative stability witnessed by the oil sector in Libya following years of armed conflicts, protesters closed the Libyan Sharara oil field located in southwestern Libya on Tuesday, in protest against fuel and gas shortages and poor public and basic services.The protesters threatened to escalate and close the Al-Feel … Read more
Oil prices recorded gains in the first week of the year, supported by production disruptions in Libya and increasing tensions in the Middle East against the backdrop of the Gaza war and Houthi attacks on ships in the Red Sea. During Friday’s trading, the price of Brent crude futures rose by $1.17, or 1.51 percent, … Read more
Any talk about gathering the five parties around one table is just nonsense, and Batelli’s talk about the necessity of showing good intentions is not consistent with the parties’ insistence on clinging to their privileges that have come to shape their identities. Al-Arab Al-Londoniya – Talks are still ongoing about the five-party table project proposed … Read more
The Central Bank of Libya said on Sunday that the country’s oil revenues amounted to 99.1 billion Libyan dinars ($20.69 billion) in 2023, compared to 105.4 billion dinars in 2022. On Sunday, the National Oil Corporation of Libya announced the suspension of production in the Sharara field, one of the largest oil fields in the … Read more
