CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
TRIPOLI/ BENGHAZI, Libya, Dec 9- Libya is shutting down production at its biggest oilfield after tribesmen and state security guards seized the El Sharara facility, field engineers and protesters said on Sunday, but there was no confirmation from state oil firm NOC. A spokesman for the tribesmen which call themselves the Fezzan Anger Movement, Mohamed Maighal,...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
*Over $1 bln in LIA money moved from Europe to Bahrain since 2011. *Tripoli staff moved to new office in city for security reasons. Ali Mahmoud Hassan Mohamed, the chairman and chief executive of the Libyan Investment Authority, said financial auditing and consulting company PriceWaterhouseCoopers was one of the firms the fund was considering.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Libya's output has skyrocketed to its highest level in more than five years, reaching 1.28 million barrels per day by November, more than double its June production.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
OPEC continued to lower its forecast for oil demand in its latest monthly report, issuing its fourth consecutive downward revision to consumption growth for 2019.
*Libya in trouble since Gaddafi's overthrow in 2011. TUNIS/ CAIRO, Nov 7- The United Nations and Western powers have given up hope that Libya will hold elections in the immediate future, focusing on reconciliation first among rival factions locked in a cycle of conflict, diplomats and other sources said. But weeks of fighting between rival militias in the capital...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
LONDON, Oct 25- The Tripoli- based head of Libya's sovereign wealth fund has urged Britain not to pursue a demand that some of its $67 billion worth of frozen assets be used to compensate past victims of Irish Republican Army attacks. The plea was made by Ali Mahmoud Hassan Mohamed, the Chairman and Chief Executive of the Libyan Investment Authority appointed by...
BENGHAZI, Libya, Oct 24- Libya held a rare oil conference in the eastern city of Benghazi on Wednesday as its state oil firm NOC reached out to a region home to a parallel government backing a rival oil firm. The "Benghazi Oil and Gas Exhibition and Forum" is the first international business conference in Libya's second-largest city since 2014 when it turned into a...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
BENGHAZI, Libya, Oct 24- Libya held a rare oil conference in the eastern city of Benghazi on Wednesday as its state oil firm NOC reached out to a region home to a parallel government backing a rival oil firm. The "Benghazi Oil and Gas Exhibition and Forum" is the first international business conference in Libya's second-largest city since 2014 when it turned into a...
The oil market is focused on falling Iranian oil exports and Saudi-led supply hikes, but Nigeria and Libya could play an outsize role in setting crude prices as they head into high-stakes elections.
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed.
TRIPOLI, Oct 16- Libya's state-owned mobile phone operator al-Madar launched the first 4 G services in the North African country, a rare investment in a country hit by years of political turmoil and violence. The service, equivalent to ten times the speed of the previous 3 G Internet, was activated at al-Madar's headquarters in Tripoli. We were confronted with...
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