Libya Financial News

oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT.

Ukraine’s incursion into Kursk isn’t just a brash bid to upend Russia’s invasion. It also marks the first time that a declared nuclear power has faced invasion and occupation by another country. For decades, nuclear-escalation theory has presumed that countries with atomic weapons were largely immune from attack because an aggressor risked triggering armageddon.

Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand. Brent crude futures for October delivery expire on Friday and were unchanged at 0033 GMT. The more actively traded contract for November fell 7 cents or 0.09% to $78.75. U.S. West Texas Intermediate crude futures were down 11 cents, or 0.14%, to $75.80.

Oil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply disruptions out of Libya. Brent crude futures were down 1 cent, or 0.01%, at $78.64 a barrel at 0043 GMT, while U.S. West Texas Intermediate crude futures were up 8 cents, or 0.1%, to $74.60.

One of Libya’s dueling authorities unilaterally fired the powerful central bank governor in an abrupt move that is likely to inflame tensions in the divided North African country

Oil prices edged higher on Thursday for the third straight session after government data showed a steep draw in U.S. crude stockpiles, rebounding from multi-month lows touched this week. Brent crude futures rose 23 cents, or 0.3%, at $78.56 a barrel by 0017 GMT, while U.S. West Texas Intermediate crude gained 29 cents, or 0.4%, to $75.52.

United Nations court on Wednesday to join South Africa's genocide lawsuit against Israel, a Turkish official said. The declaration of intervention will be submitted at the International Court of Justice in The Hague, the official said on condition of anonymity in accordance with regulations. Turkiye, one of the fiercest critics of Israel's actions in Gaza, will become the latest nation to seek to participate in the case. Turkish President Recep Tayyip Erdogan has frequently compared Israeli Prime Minister Benjamin Netanyahu to Adolf Hitler, accused his country of genocide, called for it to be punished in international courts and criticised Western nations for backing Israel.

Israel-Palestine conflict has been marked by numerous controversial tactics, one of the most notorious being the 'Hannibal Directive,' which allows for the use of excessive force to prevent the capture of Israeli soldiers, even if it endangers hostages. Another controversial tactic was the 1978 assassination of Palestinian leader Wadie Haddad by Mossad agents using poisoned toothpaste. Wadie Haddad, head of the Popular Front for the Liberation of Palestine (PFLP), was implicated in several high-profile attacks, including the 1976 hijacking of Air France Flight 139, known as the Entebbe Hijacking. The plane, diverted from Tel Aviv to Paris, was then taken to Libya and Uganda. Israel’s response, Operation Thunderbolt, was a successful rescue mission led by Lt Col Yonatan Netanyahu, who tragically lost his life in the operation. Mossad’s Mission

Israel on October 7th, that “terrorism pays". Ireland, Norway and Spain are joining the majority of countries: almost three-quarters of members of the UN recognise Palestine. What exactly does that mean—and who are the holdouts? There are no binding rules about when one country should recognise another, but international law provides some guidelines.

A growing number of experts say the most realistic and effective way of teaching children about social media is a slow, deliberate onboarding, rather than an outright ban or allowing free reign

Daily Mail. Lord Earl Louis Mountbatten, a World War II hero and second cousin of Queen Elizabeth II, was India’s Last Viceroy. Hayes claimed that he, not Thomas McMahon, who was convicted of the crime in November 1979, was behind the killing of Lord Mountbatten.

Amid world-shaking crises in the Middle East, Europe and the Indo-Pacific, the news from Niger might seem unimportant. Yes, American troops are making an ignominious withdrawal as Russian forces sashay into the same Nigerien air base hosting U.S. personnel.

heat extremes could become an «emerging feature» of a warmer planet, according to a new study. The new research that reviewed the weather and climate of 2023 also said that many of the extreme events experienced last year are consistent with predictions previously made about a warmer world. Putting the events of the warmest year on record in perspective, researchers said that in a warmer future, more events involving record-breaking hot temperatures occurring earlier in the year, and cyclones exacerbating rainfall extremes are in order. Change in seasonality of extreme events too is another trend the researchers observed.

Indian Premier League 2024 as it kicks off this March 22. Ten teams will be clashing against each other for the coveted IPL 2024 trophy, a mega-event being organised by the Board of Control for Cricket in India (BCCI) in cities across cricket stadiums like Eden Gardens, MA Chinnaswamy Stadium, Narendra Modi Stadium, and many more. BCCI-organised Indian Premier League (IPL) is a 20-over format game that began in the year 2008 when the first match was held in Bengaluru between Royal Challengers Bangalore and Kolkata Knight Riders. KKR won the match by a huge margin with New Zealand-based wicket-keeper (now retired) Brendon McCullum smashing a 150+ record breaking highest individual score.

Mint explains why the Opec+ has curbed output and the demand outlook for the world. Crude oil price (Brent) has stayed below $100 a barrel since August 2022, after the sharp rise in the early days of the Russian invasion of Ukraine. While it has largely held above $80, the price dipped to the low seventies a few times in the past year.

World Governments Summit in Dubai, Georgieva said the IMF would publish a paper on Monday that shows phasing out explicit energy subsidies could save $336 billion in the Middle East, equivalent to the economies of Iraq and Libya combined. She added that in addition to savings, eliminating regressive energy subsidies "discourages pollution, and helps improve social spending," in a copy of the speech published on the IMF website.

Zomi Council Steering Committee (ZCSC) submitted a memorandum to the Prime Minister highlighting the plight of the Zo people — the Hmars, the Kuki-Zos and the nine Zomi tribes — who continue to bear the brunt of Meitei radicals. The ZCSC letter described how the Arambai Tenggol, a Meitei militia group, after radicalizing and then subsequently militarizing the 700-odd square miles of Meitei ancestral territory within the last eight months, have influenced 39 Meitei representatives — 37 Members of Legislative Assembly (MLAS) and two Members of Parliament (MPs) — to take an Oath favouring the desires of the militia group. The memorandum explained how the Oath commissioned by Arambai Tenggol is a pledge by the Meitei MLAs and MPs to further the State sponsored ethnic cleansing pogrom on the Zo ethnic tribes and is no different from relinquishing of the Indian State of Manipur to a group of armed Meitei radicals. The entire Oath-taking exercise testified the collapse of democracy and all forms of governance in Manipur, a case similar to Afghanistan, Libya, Gaza, etc. where armed militias took over the elected government.

Oil prices were little changed in Asian trading on Wednesday as weak demand and a recovery in supply limited the market's reaction to mounting geopolitical risk.

Also Read: India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a February 16 expiry, was last trading 0.06 per cent lower at ₹6,261 per bbl, having swung between ₹6,118 and ₹6,265 per bbl during the session, against a previous close of ₹6,265 per barrel. The International Energy Agency (IEA) this week raised its 2024 global demand forecast, but its projection is half that of producer group Organisation of Petroleum Exporting Countries (OPEC).

By Sinéad Carew and Amanda Cooper

Investing.com — Oil prices fell Tuesday, handing back early gains as worries over rising supply countered continued Middle East tensions.