Business News Libya

  • AL-SUANI, Libya, April 18- Mortars crashed down on a suburb of Tripoli on Thursday, almost hitting a clinic and adding to people's suffering after two weeks of an offensive by eastern troops on the Libyan capital, which is held by an internationally recognized government. The Libyan National Army of Benghazi-based Haftar has become bogged down in the southern...

  • A support vessel flying an Iranian national flag sails alongside the oil tanker 'Devon' as it prepares to transport crude oil to export markets in Bandar Abbas, Iran, on Friday, March 23, 2018.

    A black swan event could soon be surfacing in energy markets, industry experts have told CNBC.

  • TUNIS, April 17- The International Monetary Fund said on Wednesday it had reached a staff-level agreement with Tunisia on the fifth review of a loan. The agreement will allow Tunisia to benefit from a disbursement of $247 million following the Executive Boards review that is expected to take place by early June this year. Tunisia struck a deal with the IMF in...

  • *European shares flat, Juve thumped after Champions League exit. Though Europe struggled to join in, MSCI's 47- country world index was at a six-month high, benchmark bond yields shuffled up and the Aussie dollar, which tends to be highly sensitive to China's fortunes, did the same. With Wall Street also waiting for results from the likes of Morgan Stanley, the Euro...

  • SYDNEY, April 17- Asian share markets pulled ahead on Wednesday as investors were relieved after a raft of Chinese data beat expectations in a sign Beijing's policy stimulus may finally be gaining traction in the world's second-largest economy. Indications for Europe and Wall Street, however, suggested a mixed opening session. In early European trades, the...

  • SYDNEY, April 17- Asian share markets got off to a guarded start on Wednesday as investors waited anxiously for a raft of Chinese data that might show policy stimulus is finally gaining traction in the world's second-largest economy. The main mover of the morning was the New Zealand dollar which dived after a weak reading on consumer price inflation stoked...

  • Libya envoy says Haftar made coup attempt. *Iran's oil exports hit new 2019 low so far in April- sources. NEW YORK, April 16- Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC- led production cut limited gains.

  • TORONTO, April 16- The Canadian dollar edged higher against its U.S. counterpart on Tuesday, rebounding from an earlier 11- day low as higher oil prices offset weaker-than-expected domestic manufacturing data. The price of oil, one of Canada's major exports, rose as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening...

  • NEW YORK, April 16- Stocks around the globe rose on Tuesday to six-month highs as positive economic data in China and Germany boosted investor sentiment, though concerns about the impact of U.S. policy on the healthcare sector capped gains on Wall Street. Senator Bernie Sanders' " Medicare for All" plan, as well as the White House's proposal to end discounts from...

  • Libya envoy says Haftar made coup attempt. NEW YORK, April 16- Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC- led production cut limited gains. In Libya, fighting between Khalifa Haftar's Libyan National Army and the...

  • Libya envoy says Haftar made coup attempt. NEW YORK, April 16- Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC- led production cut limited gains. In Libya, fighting between Khalifa Haftar's Libyan National Army and the...

  • *Russia says OPEC, allies may boost oil output. LONDON, April 16- Oil held above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories. In Libya, fighting between Khalifa Haftar's Libyan National Army and the...

  • *Canadian dollar near flat against the greenback. TORONTO, April 16- The Canadian dollar was little changed against its U.S. counterpart on Tuesday, recovering from an earlier 11- day low as gains for U.S. stocks futures and higher oil prices offset weaker-than-expected domestic manufacturing data. Separate data from Statistics Canada showed that foreign...

  • *Russia says OPEC, allies may boost oil output. LONDON, April 16- Oil edged above $71 a barrel on Tuesday, supported by falling Venezuelan and Iranian exports and fighting in Libya that raised concerns of more supply threats, outweighing expectations of higher U.S. inventories. In Libya, fighting between Khalifa Haftar's Libyan National Army and the...

  • *Oil soft amid prospect of Russia, OPEC raising output. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, led by gains in China and India. The index had risen to its highest level since July 2018 the previous day after strong export and banking data from China last week eased investors' concerns about the health of the world's...

  • SYDNEY, April 16- Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for market share, checking a recent sharp rally driven by tighter global production. Russian Finance Minister Anton Siluanov said over the weekend that Russia and OPEC may decide to boost production to fight for market share with...

  • *Russia, OPEC may ditch oil deal to fight for market share. NEW YORK, April 15- Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia's finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs. Losses were limited by a...

  • TOKYO/ LONDON, April 15- Oil prices halted their rally on Monday with Brent futures falling below $71 per barrel on signals that Russia may exit production cuts. Losses were limited by a tightening of global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers.

  • Oil refinery Libya

    Traders weigh signals on global supply and signs that Russia may exit coordinated production cuts by nearly two dozen nations.

  • Brent crude oil futures were at $71.44 a barrel at 0629 GMT, down 11 cents, or 0.2 percent, from their last close, having hit their highest since Nov. 12 on Friday at $71.87. "I would expect oil to trade in a relatively tight band around $70 per for the time being," said Virendra Chauhan, oil analyst at Energy Aspects in Singapore, pointing to differing signs from the United...