Oil – Reuters reported today that U.S. Benchmark Brent crude oil prices increased to their highest on almost six weeks on expanding sanctions against Russia over issues in Ukraine. However, the price rise was halted with news of the first oil tanker being reloaded on Tuesday at Libya's Hariga port after a month long closure.
Articles Tagged "libya"
Oil – Reuters reported this morning that the Libyan government has reached an agreement with rebels to end an oil port deadlock that has lasted for eight months. The port seizure, initiated by federalist protesters, has cost the Libyan economy billions of dollars so far.
Oil – Reuters reported today that U.S. crude oil rose at the end of last week as data showed strong jobs growth in the United States. Brent crude followed the ascent as investors cast doubt on the reopening of Libya's oil ports.
Gold, silver and copper saw slight gains on the release of the US nonfarm payroll report. Meanwhile, concerns about Libya pushed oil prices up.
Oil – Reuters reported that a tanker carrying a cargo of oil has been seized by US special forces. The tanker "fled ... from a Libyan port controlled by anti-government rebels," and those controlling it had hoped to sell the fuel on the global market.
Oil – Business Times reported that the price of Brent crude rallied on Monday, climbing more than US$1 to over US$107. The rebound comes after oils biggest weekly fall in six months, following news of a restart of a key Libyan oilfield.
Oil – MarketWatch reported that crude oil prices are down 3 percent, to $95.44, in New York.
Oil – An exciting period of growth has hit oil exploration and development in North Africa.
Oil – Libya's crude oil export terminals are revisiting a two-week-old shutdown, raising concerns over crude supply.
Oil – OPEC crude oil output is on course to reach its lowest since October 2011 this month as discontent in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.