Oil
9 articles
Libya restores oil output after temporary field shutdown
Libya's oil sector is back to normal after a brief shutdown at several fields, according to the National Oil Corporation. Production recovered quickly, highlighting both the sector's resilience and its ongoing security risks.
Oil prices surge as Saudi pipeline and Libyan fields halt flows
A sudden halt at Saudi Arabia's East-West pipeline and shutdowns at Libyan oil fields have sent oil prices sharply higher, exposing the market's vulnerability to regional supply shocks and escalating geopolitical risks.
Libyan oil supply faces shutdown threat as NOC warns of force majeure
Libya's National Oil Corporation has halted production at key fields after a pipeline valve was forcibly closed by the Petroleum Facilities Guard. With further shutdowns threatened, the NOC is preparing to invoke force majeure, risking a new blow to Libya's oil-dependent economy.
Libya invites Russian energy firms to run oil refineries and exports
Libya is seeking Russian help to rebuild its oil industry, offering Russian companies direct control over refineries and exports as the country struggles with fuel shortages and political divisions.
Libya oil and gas revenues hit fifteen billion dollars in eight months
Libya's Ministry of Oil and Gas has disclosed that the country earned 15.2 billion dollars from oil and gas between January and August 2026. The figures reveal both the sector's dominance in state finances and the urgent need for infrastructure upgrades.
Harouge Oil Operations lifts output with new Amal Field well
Harouge Oil Operations has brought its B79A replacement well online at the Amal Field in Libya, adding 2000 barrels per day to production as part of a targeted 2026 capacity expansion. The move signals renewed momentum in Libya's oil sector.
Kulevi Oil Refinery Receives First Libyan Oil After Russian Supply Halt
Georgia's Kulevi oil refinery has received its first shipment of Libyan oil after halting Russian crude imports in response to EU sanctions. The move marks a shift in supply strategy, with the refinery now sourcing oil from Kazakhstan and Libya.
Oil Prices Fall Back as Brent and WTI Head for Weekly Losses
Oil prices declined on Friday, 28 August 2026, erasing part of the previous session's gains. Both Brent and WTI benchmarks are set to close the week lower, reflecting ongoing volatility and concerns over global demand.
Egypt contains oil spill after South Sinai pipeline leak
Egyptian authorities have contained a crude oil spill stretching three kilometres off Ras Badran near Abu Redis in South Sinai, after identifying and repairing a pipeline leak. Environmental monitoring and legal action are ongoing to assess damage and accountability.