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Libya

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  • CAIRO/ BENGHAZI, April 21- Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said. Libya's internationally recognised Prime Minister Abdullah al-Thinni said this month that oil sales would...

  • *One of several options proposed for EU to help Libya. BRUSSELS, April 19- The EU is considering sending warships to the Libyan coast to combat oil and arms smugglers but fears that could encourage more migrants to take to sea in hopes of being rescued and taken to Europe, according to an EU document seen by Reuters. Another option suggested in the paper is that EU...

  • Pres. Obama: Must prevent Libya from becoming terrorist haven

    President Obama says the U.S. has to work with Italy to guard against the use of the territories in Libya as a safe haven for terrorist operations.

  • Crude continues climb   Wednesday, 15 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Crude continues climb

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders are looking for oil's upside momentum to continue after a smaller than expected EIA inventory build.

  • Commodities tomorrow: US crude will slow

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed above $53 today, mostly due to geopolitical instability and EIA data showing shale output was down.

  • *Oil revenues at heart of struggle for Libya. CAIRO/ BENGHAZI, April 14- Libya's official government, holed up in the east after being forced to flee the capital, is struggling to sell crude oil under a new system it has devised in an attempt to bypass a rival administration in Tripoli. Foreign buyers had always paid through the NOC and the central bank in Tripoli.

  • Commodities tomorrow: Oil up, gas down?   Monday, 13 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Oil up, gas down?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil bounced around a bit today before settling slightly higher.

  • OPEC should change course, cut oil output: Libya Wednesday, 8 Apr 2015 | 9:16 AM ET
    The oil ministers of Qatar, Saudi Arabia and the United Arab Emirates attend the opening session of the Arab Energy Conference in Abu Dhabi.

    OPEC should cut supply by 800,000 barrels per day or more to prevent a return of Iranian exports from weighing on prices, Libya's OPEC governor said.

  • Commodities tomorrow: Oil up on Yemen   Tuesday, 7 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Oil up on Yemen

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day as Saudi airstrikes reportedly hit civilians, and an EIA report said demand for oil was picking up.

  • Bad to worse: ISIS brings fight to Syrian capital Tuesday, 7 Apr 2015 | 3:07 PM ET
    Syrian opposition forces use tunnels as shelter from air attacks in Damascus, Syria, April 5, 2015.

    The arrival of ISIS in Syria's capital threatens Syria's government and brings the group closer to some of the region's last stable countries.

  • Commodities tomorrow: Crude creeps higher   Monday, 6 Apr 2015 | 3:44 PM ET
    Commodities tomorrow: Crude creeps higher

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day as the Saudis raised prices in Asia. Also, traders don't believe Iranian oil will come on line until 2016.

  • TRIPOLI, April 5- Libya's Prime Minister Abdullah al-Thinni has said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival self-declared administration in Tripoli. On Sunday, a suicide bomber struck at a checkpoint near the Tripoli- allied town of Misrata, killing at least six people and wounding 40...

  • TRIPOLI, April 5- Libya's Prime Minister Abdullah al-Thinni said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival, self-declared administration in Tripoli. On Sunday, a suicide bomber struck at a checkpoint near the Tripoli- allied town of Misrata, killing at least six people, including a woman and...

  • TRIPOLI, April 5- Libya's internationally recognised government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country's rival administration in Tripoli. Until now oil sales and revenues have gone through Libya's central bank and the National Oil Corporation in Tripoli, which...

  • TRIPOLI, April 5- Libya's internationally recognized government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country's rival government in Tripoli. Control of the North African OPEC producer's crude revenues is at the centre of a battle between the two rival governments and...

  • Commodities tomorrow: Crude over $50   Wednesday, 1 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Crude over $50

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil spiked at the end of the day, ending over $50/barrel. The inventory numbers weren't as high as expected and US production has declined.

  • Commodities tomorrow: Iranian oil on the way?   Tuesday, 31 Mar 2015 | 4:00 PM ET
    Commodities tomorrow: Iranian oil on the way?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down for the third straight day, due to dollar strength, an increase in OPEC output, and the possibility of a nuclear deal with Iran.

  • Commodities tomorrow: Traders focus on Iran   Monday, 30 Mar 2015 | 4:00 PM ET
    Commodities tomorrow: Traders focus on Iran

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders focus on Iran, but headlines from the State Department drove crude higher by the end of the day.

  • BENGHAZI, Libya, March 27- Forces loyal to a rival Libyan government controlling the capital Tripoli have withdrawn from frontline bases near the country's biggest oil ports, a spokesman said on Friday, raising hopes the ports might soon be reopened. A Tripoli official said the internationally recognised government and the rival administration, which have...

  • BENGHAZI, Libya, March 27- Forces loyal to a rival Libyan government controlling the capital Tripoli have withdrawn from frontline bases near the country's biggest oil ports, a spokesman said on Friday, raising hopes the ports might soon be reopened. A Tripoli official said the internationally recognised government and the rival administration, which have...