GO
Loading...

Enter multiple symbols separated by commas

Muammar Gaddafi

  • The crisis has prompted the authorities in Tripoli, who control much of western Libya, to plan cuts to petrol subsidies, to delay public salary payments and to ban on imports from cars to steel. Libya needs $30 billion to fund imports annually and typically spends $40 billion on its budget. "Libya is on the verge of economic and financial collapse," U.N.

  • UPDATE 4-Oil prices edge down as dollar strengthens Monday, 25 May 2015 | 6:58 AM ET

    LONDON, May 25- Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted. Front-month Brent crude shed 17 cents to $65.20 a barrel by 1052 GMT. U.S. crude was down 35 cents at $59.37 a barrel.

  • LONDON, May 25- Crude oil futures dipped below $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping oil trading volumes muted. Front-month Brent crude fell 62 cents to $64.75 a barrel by 0828 GMT. U.S. crude was down 46 cents at $59.26 a barrel.

  • UPDATE 1-Oil prices edge up on firm Asian, U.S. demand Sunday, 24 May 2015 | 11:21 PM ET

    SINGAPORE, May 25- Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day in April from the same month a year earlier, the Ministry of...

  • Oil prices edge up on firm Asian, U.S. demand Sunday, 24 May 2015 | 8:57 PM ET

    Front-month Brent crude prices were up 6 cents at $65.43 per barrel at 0045 GMT. U.S. crude prices were also up 6 cents at $59.78 a barrel. Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day in April from the same month a year earlier, the Ministry of Finance said on Monday.

  • MISRATA, Libya, May 20- Libyan steelmaker Lisco is struggling to keep its mill rolling in a war zone, no easy feat when the power cuts off every night, shippers are reluctant to dock and foreign contractors are long gone. Lisco Chairman Mohamed Abdelmalik al-Faqih may have an office overlooking the Mediterranean, but the steel plant in Libya's third-largest city...

  • BENGHAZI, Libya, May 18- A state oil firm controlled by Libya's internationally recognized government has appointed boards for two state-run oil subsidiaries, officials said on Monday. The move signals the determination of a new oil firm based in eastern Libya to get a grip on the country's oil sector contested by two rival governments vying for control of the...

  • *Saudi Arabia raises light crude prices for U.S., Europe. Oil was also supported by news that Saudi Arabia had raised its official selling prices for its Arab Light grade crude to the United States and Northwest Europe, pointing to strong demand in those regions. "Higher OSPs for Europe and the United States seem to point to healthy demand for Saudi oil," Carsten...

  • LONDON, May 5- Oil prices jumped more than $1 a barrel on Tuesday, pushing North Sea Brent and U.S. light crude to 2015 highs, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports. "The protesters closed the pipeline to the port," said Mohamed El Harari, spokesman for state oil firm NOC, adding that several oilfields in eastern...

  • *Saudis consider halt to Yemen bombing for humanitarian aid. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for state oil firm NOC, said, adding that several oilfields in eastern Libya would have to close. Brent crude oil climbed to $67.12 a barrel, up 67 cents and its highest since Dec. 8, before easing back slightly to around $67.00 by...

  • *Saudis consider halt to Yemen bombing for humanitarian aid. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for state oil firm NOC, said, adding that several oilfields in eastern Libya would have to close. Brent crude oil was up 55 cents at $67.00 a barrel by 1045 GMT, after touching a 2015 high of $67.10 on Monday.

  • *Saudis consider halt to Yemen bombing for humanitarian aid. LONDON, May 5- Brent crude oil steadied above $66 a barrel on Tuesday, just below its 2015 high, after protesters shut down the eastern Libyan oil port of Zueitina, hampering exports. Brent crude oil was down 5 cents at $66.40 a barrel by 0800 GMT, after touching a 2015 high of $67.10 on Monday.

  • UNITED NATIONS, April 28- The European Union sought to reassure Libya on Tuesday that any action being considered by the 28- nation bloc to stem the deadly flow of migrants across the Mediterranean should not be perceived as an attack against the Libyan people. After up to 900 people drowned trying to reach Europe from Libya last week, EU leaders tripled a naval...

  • 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 recognized Prime Minister Abdullah al-Thinni said this month that oil sales would...

  • 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...

  • *Italy calls for emergency EU meeting this week. PALERMO, Italy April 19- As many as 700 migrants were feared dead on Sunday after their boat capsized in the Mediterranean, raising pressure on Europe to face down anti-immigrant bias and find money for support as turmoil in Libya and the Middle East worsens the crisis. If the death toll is confirmed, it will bring to...

  • *Italy calls for emergency EU meeting this week. PALERMO, Italy April 19- As many as 700 people were feared dead after a fishing boat packed with migrants capsized off the Libyan coast overnight in what officials said may be the Mediterranean's worst disaster as thousands flee poverty and war to Europe. Only last week, around 400 migrants were reported to have died...

  • *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...

  • *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.

  • *OPEC governor: production cut of at least 800,000 bpd needed. LONDON, April 8- OPEC should change course and cut oil supply by 800,000 barrels per day or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said. "OPEC members, as a unit, need to re-evaluate their strategies," Samir Kamal, Libya's OPEC governor and head of...