Libya Financial News

Libya's National Oil Corporation has announced that crude oil production will resume at two of its major fields, where operations stopped in August amid tensions between the country's dueling authorities

Subscribe to enjoy similar stories. ‘Climate Change & You’ is a fortnightly newsletter by Bibek Bhattacharya and Sayantan Bera. Subscribe to Mint's newsletters to get them directly in your email inbox. Dear reader, One of the first things that Donald Trump did when he became president was to withdraw the US from the 2015 Paris climate agreement.

The agency is implementing strict profiling measures for passengers heading to 15 countries such as Saudi Arabia, Iran, Iraq, Turkiye, Qatar, Azerbaijan, Kuwait, Kyrgyzstan, Russia, Egypt, Libya, Ethiopia, Senegal, Mauritania, and Kenya. According to a report submitted to the Lahore High Court (LHC) regarding a petition from a pilgrim denied travel to Saudi Arabia for Umrah, the FIA stated that travelers must possess a clear travel purpose, confirmed hotel bookings, and adequate financial resources. The FIA also mentioned that those traveling for Umrah should have sufficient religious understanding, as reported by Dawn.

Italy’s justice minister has strongly defended the government’s decision to free and repatriate a Libyan warlord wanted by the International Criminal Court

political interference in the New York governor’s office, a spy inside telecom giant Verizon and secret Chinese Communist Party police stations in New York City.Since the FBI took Wan into custody and seized his phone, laptop and storage devices, his fate before U.S. courts remains unclear.Wan could not be reached for comment.

Joe Biden's administration released 'Framework for Artificial Intelligence Diffusion', which aims to establish export and security regulations for the global AI market. It divides countries in three groups based on the trust they enjoy with the US. While this is an outgoing US president's rule-making, it reflects behavioural elements of the new Donald Trump administration's transactional foreign policy approach.

China reportedly and allegedly planned to send $1 billion worth of armed drones to the country Libya using a UK based Shell Company to evade a United Nations arms embargo, reported The Telegraph.

Bashar al-Assad, four Syrian officials told Reuters. The ousting of Assad, who along with his late father, former President Hafez al-Assad, had forged a close alliance with Moscow, has thrown the future of Russia's bases — the Hmeimim airbase in Latakia and the Tartous naval facility — into question. Satellite footage from Friday shows what appeared to be at least two Antonov AN-124s, among the world's largest cargo planes, at the Hmeimim base with their nose cones open, apparently preparing to load up.

Subscribe to enjoy similar stories. The collapse of the House of Assad has exposed a seam of vulnerability for another autocrat, one of the former Syrian leader’s strongest allies: Russian President Vladimir Putin. At the height of Putin’s great power ambitions, Moscow sought to project its might far beyond the country’s vast frontiers.

Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S. West Texas Intermediate crude was at $71.33 a barrel, down 14 cents, or 0.2%.

Anguilla is raking in extra unexpected revenue from registration fees for its

Libya’s eastern parliament has agreed to appoint Naji Mohamed Issa Belqasem as the new central bank governor after the former governor, Sadiq al-Kabir, was fired last month by the presidential council in the capital, Tripoli

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user, offset concerns over demand elsewhere, particularly in China. Brent crude futures were up 9 cents, or 0.12%, to $73.55 a barrel, while U.S. West Texas Intermediate crude rose 4 cents, or 0.06%, to $69.73 per barrel as of 0058 GMT.

Oil-storage tanks at a key United States crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows elsewhere, muddying market signals that traders have long relied on.

plasma bubbles ever recorded, covering regions as far apart as the Egyptian pyramids and the Midway Islands. These bubbles, which interfere with satellite communications and GPS, were detected using the Low Latitude Long Range Ionospheric Radar (LARID), a new radar system developed by the Institute of Geology and Geophysics under the Chinese Academy of Sciences. The detection, caused by a solar storm in November, spans from North Africa to the central Pacific Ocean.

Geoff Dennis, Independent Emerging Markets Commentator, says the Chinese economy is struggling, and there is no obvious reason why that growth rate is going to turn upward in the near term. Also, although the US economy is in reasonable shape and ought to avoid recession, the chances of an acceleration in growth in the US are relatively limited. So, he does not see a big surge in oil prices despite delay in output increase. What is your reading of OPEC Plus's decision to stall the hike in production by two months? This has had a knee-jerk reaction on crude oil prices, which were on a very slippery slope. But do you think the price rise will be sustained? Geoff Dennis: What is happening here is that they are forming the bottom end of a trading range. It was inevitable at some point that OPEC Plus would delay this output increase because there have been several factors pulling crude oil prices lower in the last few weeks, including worries about the US economy, worries about the Chinese economy, expectations that Libyan oil will come back on the market shortly – although that is not a big factor. Also, US inventories have been pretty strong.

oil output increase for October and November after crude prices hit their lowest in nine months, three sources from the producers' group told Reuters on Thursday. Oil prices have been falling along with other asset classes on concerns about a weak global economy and soft data from China, the world's biggest oil importer. «Done,» one of the sources said. The three sources declined to be identified by name.

Global stocks are tumbling after Wall Street had its worst day since early August, as a week full of economic updates got off to a weak start

ONGC, Oil India, Chennai Petroleum Corporation, and GAIL dropped up to 5% on the BSE on Wednesday as crude oil prices continued to decline, reaching their lowest close since December and erasing all gains for the year. Shares of ONGC declined to the day’s low of Rs 309.2, with a fall of 4.2% while Chennai Petroleum Corporation shares dropped 5% to a low of Rs 933.3.

Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be resolved and concerns over lower global demand growth. Brent crude futures for November fell 28 cents, or 0.4%, to $73.47 at 0052 GMT after dropping 4.9% in the previous session. U.S. West Texas Intermediate crude futures for October were down 31 cents, or 0.4%, to $70.03 after dropping 4.4% on Tuesday.

Oil prices dropped more than 3% on Tuesday after Bloomberg News reported that a deal was imminent to resolve a dispute that has halted Libyan production and exports, pushing prices to their lowest since around the beginning of the year. The news of more crude supply possibly returning to the market came as prices had already fallen on the belief that demand was being undercut because of sluggish economic growth in China, the world's biggest crude importer.