Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.» Read More
LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.
*Tripoli fighting spreads to western city district. TRIPOLI, July 31- Clashes with artillery and rockets spread on Thursday into two Tripoli districts, where rival militia brigades were battling over the airport in Libya's worst fighting since the 2011 revolt that ousted Muammar Gaddafi.
TRIPOLI, July 31- Heavy shelling resumed on Thursday in southern Tripoli where rival militia brigades were battling for control of the capital's main airport in some of the worst clashes since the 2011 revolt which ousted Muammar Gaddafi.
MADRID, July 24- Cash-rich Spanish oil company Repsol beat quarterly profit forecasts as a jump in its refining margin helped cushion production declines and said it would return money to shareholders if it failed to find suitable acquisitions.
*U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23- Crude oil futures rose on Wednesday, as oil stockpiles in the United States fell more than expected and geopolitical tensions in Eastern Europe and the Middle East persisted.
*U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23 (Reuters)- Oil futures rose on Wednesday, with U.S. crude outpacing Brent, after oil stockpiles in the United States fell more than expected. Brent crude for September delivery was up 9 cents at $107.42 a barrel at 12:59 p.m. EDT ( 1659 GMT), after slipping 35 cents in the previous session.
*Fresh clashes in Tripoli and Benghazi. BENGHAZI, Libya, July 22- A twin suicide bombing at a Libyan army base in Benghazi killed at least four solders in an escalation of clashes between Islamist militants and regular forces battling to oust them from the eastern city. Suicide bombings are rare in Libya, where a fragile government is struggling to impose order.
TRIPOLI, July 9- Libya's oil industry hopes life will return to normal now that a wave of protests has ebbed, but it will take months to ramp up production and more unrest is in prospect as political chaos spreads in the North African country.
TRIPOLI, July 2- Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade that crippled the OPEC nation's petroleum industry.
TRIPOLI, July 1- Libyan rebels blockading key eastern oil ports have agreed to reopen the remaining two terminals at Es Sider and Ras Lanuf on Wednesday, a rebel spokesman said, in a "goodwill gesture" that could restore a big part of the OPEC country's lost exports. Since last summer, the port seizures have crippled Libya's oil industry.
*Iran drafting incentives for foreign investors. DUBAI, June 25- With the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll out the red carpet to foreign firms.
*Overdue budget totals $47 bln, funding unclear. TRIPOLI, June 22- Libya's parliament approved the overdue 2014 budget worth $47 billion on Sunday, its spokesman said, after six months of haggling over how to replace crucial oil revenues lost due to almost a year of protests.
TRIPOLI, June 22- Libya's eastern Hariga oil port has reopened and received a first tanker loading oil, a spokesman for state-owned National Oil Corp said on Sunday after the government paid salaries of protesting state security guards at the terminal.
TRIPOLI, June 11- Libya's government, suffering from dwindling oil revenues, will allow its ministries to begin spending the $50 billion budget it submitted to parliament at the start of the year even though lawmakers have not voted on it.
TRIPOLI, June 11- Libya's government, suffering from dwindling oil revenues, will allow its ministries to begin spending the $50 billion budget it submitted to parliament at the start of the year, even though lawmakers have not voted on it.
LONDON, June 9- Libya's attendance at Wednesday's OPEC meeting will be an oddity for historians of the oil exporters club- a member with virtually no oil for sale.
TRIPOLI, June 6- Libya has lost $30 billion due to 10 months of protests at oilfields and export terminals but has sufficient foreign currency reserves to keep the country running, a central bank official said.
*Libya burning reserves due to oil export blockade. TRIPOLI, June 3- Libya's currency is under heavy pressure as a breakdown in security and a collapse of oil revenues due to port blockades have badly disrupted public finances and an economy already burdened by exploding state salary and subsidy bills.
SINGAPORE, May 29- Brent futures held near $110 a barrel on Thursday on hopes of improved demand from the world's top oil consumer, the United States, as a sharp fall in U.S. gasoline stocks added to recent data pointing to a stronger economy.
*U.S. gasoline falls after Monday's Memorial Day holiday. *Libya oil output 160,000 bpd vs 1.4 million pre-uprising. NEW YORK, May 27- Crude oil futures edged lower on Tuesday as traders took profit after a long holiday weekend, with prices supported by violence in Ukraine and expectations for a draw on U.S. crude stocks at the Cushing, Oklahoma hub.