GO
Loading...

Libya

More

  • Libyan oil terminals forced to close  Monday, 15 Dec 2014 | 5:25 AM ET

    Two of Libya's key oil terminals have been closed after clashes broke out, disrupting the country's crude export capacity. CNBC's Hadley Gamble reports.

  • TRIPOLI, Dec 14- Libya has declared force majeure for the country's two biggest oil exports ports, Es Sider and Ras Lanuf, the Tripoli- based state National Oil Corp said on Sunday. Oil production flowing to the two eastern ports would be gradually shut down, NOC said in a statement, blaming clashes nearby between armed factions allied to Libya's two rival...

  • Libya: Fighting closes largest oil export terminal Sunday, 14 Dec 2014 | 8:38 AM ET

    TRIPOLI, Libya— The minister of oil in Libya's Tripoli- based government says the country's largest oil shipping terminal has been shut down due to clashes between rival militias. Both are controlled by eastern militias loyal to Libya's rival elected government, based in the eastern city of Tobruk. The Tripoli- based government— backed by militias from the...

  • BENGHAZI, Libya, Dec 13- Libya's recognized government has appointed a second official to head state-run National Oil Corp, it said on Saturday as it vies with a rival government for control of the vital oil sector. The OPEC producer has had two governments and parliaments since August when a group called Libya Dawn seized Tripoli after a month-long battle with a...

  • Cramer Remix: How you'll know when oil's bottomed Friday, 12 Dec 2014 | 7:15 PM ET
    Jim Cramer on Mad Money.

    "Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.

  • Cramer's guide to ending oil's hemorrhage Friday, 12 Dec 2014 | 6:42 PM ET
    Workers use machinery to move drill sections on the drilling floor of the oil derrick in the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    What the heck is going on with oil? Jim Cramer can't take the slow death of oil anymore. He shares his guide to navigating this nasty commodity.

  • Commodities tomorrow: Oil under $60, could go lower  Thursday, 11 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil bounced around before it fell below $60 near the close. There's simply too much oil on the market and too little demand. And OPEC isn't going to cut production any time soon.

  • Commodities tomorrow: $50 oil by January?  Wednesday, 10 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today, as the commodity free fall continues. OPEC cut its 2015 demand projection and the Saudis ask why they should cut production.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil started out lower but had a technical rebound. Traders bought the dips, but expect it to continue its fall. Gold popped on the day.

  • Commodities tomorrow: Crude hits stocks  Monday, 8 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. It was a very rough day for crude. Nat gas was down, as well.

  • EL SHARARA, Libya, Dec 8- Deep in Libya's southern Sahara, men in army uniforms guard a pipeline at the El Sharara oilfield. Since the 2011 revolution that toppled Muammar Gaddafi, Libya has enjoyed little stability. But rivalries worsened after a group called Libya Dawn seized Tripoli in August, setting up its own government and forcing the recognized Prime...

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Comments out of Saudi Arabia that the market will stabilize at around $60/barrel put downward pressure on oil's price. Nat gas and gold were down, as well.

  • Commodities tomorrow: Nat gas down on warm weather  Wednesday, 3 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar got stronger, and crude was up for most of the day, due to short covering and a big drawdown on inventories.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down 3 percent on the day, as the stronger dollar and technicals combined to drive the price.

  • Crumbling oil makes Putin more dangerous: Expert Tuesday, 2 Dec 2014 | 9:41 AM ET

    Russia's president is being pushed "further into a corner," leaving him little option but to continue his aggression, Eurasia Group's Ian Bremmer says.

  • Commodities tomorrow: Has oil bottomed or not?  Monday, 1 Dec 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders think today's bounce can be expected, but lower oil is still ahead. Gold jumped to over $1,200, mostly on concerns about growth overseas.

  • TRIPOLI, Nov 28- Libya's self-proclaimed prime minister has warned that attempts by a rival government in the east to assert control over the oil industry could escalate the political conflict dividing the OPEC member state and force it to break in two. Libya has had two governments competing for power since August when a group called Operation Libya Dawn,...

  • Commodities tomorrow: Traders eye mood in Vienna  Wednesday, 26 Nov 2014 | 3:26 PM ET

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. OPEC will announce a possible production cut tomorrow.

  • TRIPOLI, Nov 26- Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said. Libya has two cabinets and parliaments vying for legitimacy since a rival group took control of Tripoli in August, installing its own prime minister and...

  • TRIPOLI, Nov 26- Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said. Libya has two cabinets and parliaments vying for legitimacy since a rival group took control of Tripoli in August, installing its own prime minister and...