The Libya supply outage is propping up several light crude oil grades. U.S. WTI Midland crude could replace lost volumes of Libyan crude in the short term: Reuters. U.S. crude is set to compete ...

The Libyan central banker at the heart of a power struggle between the OPEC nation’s rival governments said a deal appears imminent to resolve the dispute and spur the resumption of vital oil ...

Libya's crude oil exports have fallen significantly due to a political standoff over the leadership of the country's central bank. UN-mediated talks between rival Libyan governments have yet to ...

ISTANBUL, Sept 12 (Reuters) - Libya's central bank, at the centre of a weeks-long crisis that has slashed oil output, remains cut off from the international financial system, its veteran governor ...

In late August, the top-ranking U.S. military commander in Africa toured Libya — and had a cordial meeting in Benghazi with a notorious warlord: Field Marshal Khalifa Hifter. U.S. Marine Corps Gen.

United Nations-led talks on Libya’s central bank crisis resumed, as a damaging oil blockade that’s slashed the OPEC member’s output nears a second month. Representatives from the country’s ...

DERNA, Libya (AP) — A year since two dams burst upstream from the eastern Libyan city of Derna, unleashing a wall of water that swept away thousands of people, its residents no longer hold out ...

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(Reuters) -Oil prices settled nearly 5% down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude production and exports.

Oil prices fell to their weakest levels this year following a report that Libya may shortly restore full production, adding to fears that weak global demand will create an oversupply on the market.

A standoff over control of the bank had destabilized the country’s economy and raised the prospect of fresh fighting between Libya’s eastern and western factions. By Vivian Yee and Islam Al ...

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