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Libya

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  • As oil prices touch fresh highs, an official from a trade group representing convenience stores said that consumers have appeared "more confident" in recent months.

  • Halftime—Gen. Wesley Clark: Saudi Arabia Is Stable Thursday, 24 Feb 2011 | 1:59 PM ET

    As anger spreads throughout the Arab world, retired Gen. Wesley Clark said Saudi Arabia will be the last country to see an uprising.

  • Pros: Don’t Fear High Oil; Won’t Derail Recovery Thursday, 24 Feb 2011 | 12:09 PM ET

    While some worry skyrocketing oil prices will hurt the U.S. economy, the "Fast Money" traders are taking a different view.

  • Will Gaddafi Survive? Thursday, 24 Feb 2011 | 9:54 AM ET
    Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

    In light of all that has happened in Libya over the last week, it seems fair to wonder how Libyan president Muammar Gaddafi has thus far avoided suffering the same fate as Hosni Mubarak, who was forced from power in neighboring Egypt earlier this month.

  • World Frets Over Libya; Benghazi 'Mercenaries' Jailed Thursday, 24 Feb 2011 | 7:25 AM ET
    Protests in Libya

    World leaders condemned Muammar Gaddafi's bloody crackdown on a revolt that has split Libya, but took little action to halt the bloodshed from the latest upheaval reshaping the Arab world.

  • Why Is WTI Much Lower Than Brent? Thursday, 24 Feb 2011 | 5:36 AM ET

    The spread between Brent and NYMEX crude is currently around $15 a barrel and according to Jim Bianco, the president of Bianco Research, this is due to one pipeline pumping crude from Canada into Cushing near Oklahoma City.

  • The $220 a Barrel Oil Call and the Risk Trade Thursday, 24 Feb 2011 | 4:59 AM ET
    An international oil tanker passes through the Suez canal in Ismailia, Egypt.

    Oil could hit $220 a barrel if "Libya and Algeria were to halt oil production together," analysts at Nomura investment bank predicted.

  • Why the Libyan Oil Disruption Led to a Price Spike Wednesday, 23 Feb 2011 | 11:41 PM ET
    Oil and gas fields in Tripoli, Libya

    Libya produces less than 2 percent of the world’s oil, and exports little to the United States. But the high quality of its reserves magnifies its importance in world markets. The NYT reports.

  • Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

    Now that the much-anticipated pullback has arrived, traders are debating how low the skittish stock market can go. But one thing's for sure: It'll have a lot to do with oil.

  • Obama Dispatches Clinton for Talks on Libya Wednesday, 23 Feb 2011 | 5:35 PM ET
    Secretary of State Hillary Clinton

    President Obama is condemning the violence in Libya and dispatching Secretary of State Hillary Rodham Clinton to Geneva for international talks aimed at stopping the bloodshed. He says he's directed his administration to prepare a full range of options to respond.

  • President Obama Statement on Libya   Wednesday, 23 Feb 2011 | 5:07 PM ET
    President Obama Statement on Libya

    President Barack Obama says the U.S. is doing everything possible to protect Americans in Libya.

  • Opportunities Exist in Markets Spooked by Mideast: Cohen Wednesday, 23 Feb 2011 | 4:45 PM ET
    Supporters of Libyan leader Moamer Kadhafi hold his pictures as they take part in a pro-government rally in Tripoli on February 17, 2011 as the country faced a nationwide "Day of Anger" called by opposition cyber activists.

    Fear of the unknown amid Mideast unrest and violence is driving down markets, Goldman Sachs strategist Abby Joseph Cohen told CNBC Tuesday, but good investment opportunities exist for nimble investors able to pick through selloffs.

  • Investors Should Use Oil Price Increase Wisely: El-Erian Wednesday, 23 Feb 2011 | 3:45 PM ET
    mohamed el-erian

    Russia, Canada and Indonesia are primary places investors should look to get protection from the various problems posed by uprisings in Libya and elsewhere, the co-CEO of the global bonds leader said.

  • France, Germany Threaten Libya With EU Sanctions Wednesday, 23 Feb 2011 | 11:03 AM ET
    Protests in Libya
  • Italy's Libya problem Wednesday, 23 Feb 2011 | 10:53 AM ET
    Protests in Libya

    Italy—and the Italian Prime Minister Silvio Berlusconi—have more exposure to the crisis in Libya than most.

  • Bahrain Crisis Short-Term Blip: Investment Fund Wednesday, 23 Feb 2011 | 10:23 AM ET
    Protesters run from a cloud of teargas during a clash with Bahraini security forces near the Pearl roundabout in Manama, Bahrain. Protesters said that the army fired on them with live rounds, followed by teargas which drove the demonstrators back. There are unconfirmed reports that there are four dead in the clashes.

    The mass protests in Bahrain will make the country stronger and not lead to the fall of the ruling royal family, the boss of Bahrain's sovereign wealth fund has told CNBC.

  • Gaddafi's Scorn Is Good News for Swiss Economy Wednesday, 23 Feb 2011 | 9:53 AM ET
    Swiss Francs

    An unfortunate turn in Swiss-Libyan diplomatic relations in 2008 may now have a silver lining for the Alpine economy.

  • Calls Grow for Scrutiny of Family’s Finances Wednesday, 23 Feb 2011 | 8:34 AM ET
    Moammer Gaddafi speaking

    Muammer Gaddafi’s family has built up vast business interests in sectors ranging from oil to hotels during his 41-year rule, giving it a hold over large swathes of Libya’s economy, according to US diplomatic cables and governance groups, reports the Financial Times.

  • Libya Could Become a 'Failed State': Academic Wednesday, 23 Feb 2011 | 3:24 AM ET
    Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

    With Muammar Gaddafi vowing to die a martyr or crush a growing revolt in Libya, one academic has warned that the North African state risks becoming a failed state with huge consequences for Europe and the world.

  • A memorial at Dachau Concentration Camp

    What do the words on the memorial at Dachau—NEVER AGAIN—mean if they don't apply to Libya?