Economics/Financial Analysis News in Libya

Oil Rout Deepens as Libya, Economic Data Feed Oversupply Worries
7/15/2014 - Oil prices dropped by as much as $2, deepening their biggest slide this year as rising Libyan supplies and downbeat economic data sharpened concerns the global market was heading into a near-term glut...
Africa Economy – June 2013
Africa Economy – June 2013 6/25/2013 - Overall, African economies are expected to register a good rate of growth in 2013 at 4.4%, following an even better performance last year, mainly due to the comeback of Libya’s oil production. Support...
OPEC Member Countries Economy – September 2012
OPEC Member Countries Economy – September 2012 10/8/2012 - Libya said it is budgeting on the country's crude and products’ output averaging 1.35 mb/d in the 2012 financial year with an average crude price of $100/b, and NOC exports, taxes and royalty earnings...
OPEC Member Countries Economy – February 2012
OPEC Member Countries Economy – February 2012 2/25/2012 - The International Monetary Fund (IMF) affirmed in a recent report that while the challenges in Libya were “daunting”, economic activity could recover quickly once the security situation normalized in ...
Second Kuwaiti Fuel Donation Arrives in Benghazi
Second Kuwaiti Fuel Donation Arrives in Benghazi 12/27/2011 - The second Kuwaiti oil tanker arrived here Tuesday carrying more than 20,000 tons of fuel in aid to Libyan people under the instructions of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Saba...
Libyan Rebels Would Review Gaddafi Contracts
Libyan Rebels Would Review Gaddafi Contracts 6/29/2011 - Libya's rebel council said it would review all contracts, including lucrative oil deals, signed under Muammar Gaddafi's government were it to come to power and axe any where it found signs of corrupti...
Libya Rebel Oil Production Unlikely to Resume Soon
Libya Rebel Oil Production Unlikely to Resume Soon 5/29/2011 - Libyan rebels' oil and finance minister said he did not expect oil production in the rebel-held east to restart in the near future. ...
Libyan Rebels Seal New Deal With Vitol
Libyan Rebels Seal New Deal With Vitol 5/12/2011 - Trading house Vitol has lifted a cargo of naphtha from the rebel-held port of Tobruk in east Libya, traders, providing the opposition with much needed funds to fight government forces. ...
Qatar Struggling to Sell Oil for Libyan Rebels
3/30/2011 - Qatar Petroleum is struggling to work out how to market Libyan oil on behalf of anti-government rebels a senior Qatar Petroleum (QP) source said. ...
Russia Tatneft in $100 Mln Libya Capex Loss
Russia Tatneft in $100 Mln Libya Capex Loss 3/28/2011 - Russia's six-biggest crude producer, Tatneft is expected to book a $100 million losses from capital expenditures in war-ragged Libya, a source in the company told Reuters on Monday. ...
Libyan Rebels 'Sign Oil Export Deal With Qatar'
Libyan Rebels 'Sign Oil Export Deal With Qatar' 3/27/2011 - Libyan rebels say they have signed an oil contract with Qatar to export oil from rebel-held territory. ...
Oil Rises $2 as Western Powers Strike Libya
3/21/2011 - Oil prices rose by over $2 a barrel on Monday as a wave of U.N.-mandated airstrikes on Libya and proliferating unrest in the Middle East fanned concerns about oil supply from the region. ...
Obama: Oil Prices Not Primarily Moving on Supply Hits
3/11/2011 - U.S. President Barack Obama said on Friday oil prices have been driven up by market uncertainty and stronger world growth, rather than a severe dent in supply due to fighting in Libya. ...
Libya Pressed Oil Firms to Reimburse Terror Costs
2/23/2011 - Libya's ruling family tried to coerce billions of dollars from Libyan and foreign oil companies, and its leader Muammar Gaddafi exhorted the United States to sow division in Saudi Arabia, leaked Ameri...
Oil Rises to 28 Month High on Libya
2/23/2011 - Oil rose to its highest in more than two years as Libya’s violent uprising threatened to disrupt exports from Africa’s third-biggest supplier and spread to other crude-producing nations in the Middle ...
Dresser-Rand Position in the Middle East & North Africa
2/22/2011 - In response to inquiries, Dresser-Rand Group Inc.made the following disclosures concerning its business in the Middle East and North Africa. In 2010, revenues from countries in the region amounted to...
Crude Up $1/Bbl as Libya Unrest Intensifies
2/21/2011 - U.S. crude futures rose more than $1/bbl on Monday as the threat of supply disruptions from OPEC member Libya grew as unrest in the country intensified, with protesters calling for the departure of ve...
Oil Soars on Libya Violence
2/21/2011 - Brent crude oil prices hit $108 a barrel for the first time since 2008 on fears that spiraling violence in Libya could lead to wider supply disruptions from the OPEC member. ...
Libya Turmoil Prompts Oil Surge, Hits Equities
2/21/2011 - Oil prices charged to fresh 2-1/2 year highs on Monday as traders reacted to increasing violence in major producer Libya, which fed investor fears about rising inflation and unsettled other markets. ...
Libya Imposes New Rules on Foreign Investors
11/3/2010 - Foreign investors will only be allowed to do business in oil exporter Libya if they form a joint venture with a local partner, local media quoted the Libyan Prime Minister. ...

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