Libya Financial News

₹7,405 per barrel on MCX. Crude oil price opened at ₹7,372 a barrel as compared to its previous close of ₹7,385 on the bourse. International crude oil prices rose, firming around a 10-month peak, as the market balanced supply concerns over Libya output and OPEC cuts with global macroeconomic headwinds.

Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China. The international benchmark Brent futures rose 8 cents, or 0.1%, to $92.14 a barrel by 0054 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 14 cents, or 0.2%, to $88.98 a barrel. Both benchmarks surged nearly 2% on Tuesday to close at their highest levels since November 2022. «Bullish demand outlook by the OPEC and the U.S.

Libya's eastern city of Derna on Tuesday, and it was feared the toll could surpass 5,000 after floodwaters smashed through dams and washed away entire neighborhoods of the city. The startling death and devastation wreaked by Mediterranean storm Daniel pointed to the storm's intensity, but also the vulnerability of a nation torn apart by chaos for more than a decade. The country is divided by rival governments, one in the east, the other in the west, and the result has been neglect of infrastructure in many areas. Outside help was only just starting to reach Derna on Tuesday, more than 36 hours after the disaster struck.

OPEC optimism over the resilience of energy demand in major economies.Brent futures rose $1.64, or 1.8%, to $92.28 a barrel by 11:15 a.m. EDT (1515 GMT). U.S.

MONTREAL — SNC-Lavalin Group Inc. says it is changing its name to AtkinsRealis in a rebranding move after a tumultuous decade for the engineering giant.

Libyan officials are expressing grave concerns as thousands of people are feared dead due to the severe rain and flooding caused by Storm Daniel. In the city of Derna alone, over 2,000 reported deaths have occurred, with an additional 5,000 to 6,000 individuals still unaccounted for. However, the exact figures remain unverified by independent sources, and the origin of this data is unclear.

JERUSALEM/TRIPOLI (Reuters) — Libya's prime minister suspended Foreign Minister Najla Mangoush on Sunday and referred her for investigation after Israel said its Foreign Minister Eli Cohen had met her last week despite the countries not having formal relations.

Yevgeny Prigozhin was on the list of passengers on the plane that crashed on a flight from Moscow to St. Petersburg. A plane carrying three crew members and seven passengers that was en route from Moscow to St.

Also read: Wagner chief Yevgeny Prigozhin death rumours: How World is reacting to Russian mercenary chief possible demise Prigozhin was convicted of robbery and assault in 1981, and sentenced to 12 years in prison. When he got out, he opened a restaurant business in St. Petersburg in the 1990s.

Libya’s central bank has announced its reunification after being split for nearly a decade due to the country’s long-running civil war that resulted in two rival administrations, in the east and the west

wolf statue that once sat atop a pillar in central Benghazi before disappearing decades ago, found on a farm whose owner said he bought the sculpture as scrap. Authorities were alerted to the colonial-era statue after a tip off and discovered it in a farm near Benghazi belonging to Saied Mohammed Bourabida, who told them he had bought it from a metal yard because he liked the way it looked. «I remembered this statue in its position near the port from when I was young… I had a smelting workshop and when I saw it by chance at the scrap dealer's I liked its shape and the quality of work so I bought it,» he said. Bourabida, 80, kept the statue, a replica of the famous Capitoline Wolf sculpture that depicts a legendary scene of ancient Rome, in plain view under a spreading tree next to the terrace of his house. Khaled al-Aqouri, head of the tourism and antiquities department in the Benghazi police, said he was confident that Bourabida had not known that it was still public property.

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.

financial market, and close borders, a report by Reuters has claimed. -Niger's eastern neighbour Chad, a non-member of both regional organisations, has been invited to the ECOWAS summit, a statement from the Chadian president's office said on Saturday. -The European Union and France have cut off financial support to Niger and the United States has threatened to do the same.

Migrants in Tunisia’s port city of Sfax who are aiming to make Europe their new home are now sharing the burden and the blame for escalating tensions deeply tinged with racism amid the fears of European leaders who are trying to stanch the numbers of p...

Investing.com — The longs in crude might not be killing it but the “vol-players” certainly are.

Investing.com — Just when OPEC thought it had it all, it appears it didn’t.

By Alex Lawler

Crude oil prices fell after major Libyan fields resumed output, supporting the rupee. Brent crude futures declined 0.89% to $79.16 per barrel, while US West Texas Intermediate crude futures fell 0.86% to $74.77.

Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT while U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%.

Investing.com-- Oil prices fell in Asian trade on Monday, retreating further from recent highs as markets hunkered down ahead of key economic data from China, the world’s largest oil importer, which is expected to show a slowing economic recovery. 

₹6,204 per bbl, having swung between ₹6,175 and ₹6,321 per bbl during the session so far, compared to their previous close of ₹6,246 per bbl.   The U.S. dollar index edged higher after hitting a 15-month low during the session, as investors consolidated ahead of the weekend.