Oil & Energy

News · 1 min read Brent crude surges past $100 a barrel for first time since May as Middle East conflict escalates The global oil benchmark jumps more than 6 per cent in a single session, its highest level in over three months, as the war between the United States… 1 min read News · 1 min read Bank of America warns oil could hit $150 a barrel if US-Iran war drags on Tehran vows retaliation will continue as Washington says it destroyed three Iranian oil tankers, while Hormuz traffic remains thin and European gas pr… 1 min read News · 1 min read Brega launches 24-hour operations room to handle fuel complaints Brega Oil Marketing Company said the new operations room will track reports on fuel shortages, station closures and overcrowding as part of efforts to… 1 min read News · 1 min read Libya shuts 490 petrol stations over fuel-smuggling as interior minister vows crackdown Interior Minister Emad Al-Trabelsi said tackling Libya's fuel crisis requires coordination across government, security agencies and oil companies, as… 1 min read News · 1 min read Fresh petrol shipment due in Tripoli today as fuel queues persist despite Brega's Monday deadline A 32,973-tonne petrol cargo is expected to reach Tripoli port this evening as a second tanker continues unloading, but queues at petrol stations acros… 1 min read News · 1 min read Oil prices jump 2% after US strikes Iranian island in Strait of Hormuz Spot gold drops to $4,439.31 an ounce, and silver eases to $66.68 as Federal Reserve chairman Kevin Warsh's comments dampen demand for the metal ahead… 1 min read News · 1 min read Brega Announces End to Fuel Station Queues Starting Tonight Brega Petroleum Marketing Company says pressure on fuel stations is expected to ease from tonight and be fully resolved by Monday, as the company link… 1 min read News · 1 min read Energy Crisis Paralyses Africa's Top Oil Producer Prolonged power cuts and fuel shortages have disrupted daily life across Libya as summer temperatures approach 50°C, despite the country holding Afric… 1 min read News · 1 min read Eni Asks Mellitah to Raise Gas Supplies to Italy by 20% Ahead of Winter Italy's Eni has requested that Mellitah Oil and Gas increase natural gas supplies to Italy by around 20%, aiming to meet Italian market demand as wint… 1 min read News · 1 min read NOC Signs Production-Sharing Agreement with Chevron for Area 106 Libya's National Oil Corporation has formalised a production-sharing contract with Chevron for onshore Area 106 in the Sirte Basin, converting the res… 1 min read Report · 2 min read Libya's Fuel Crisis Deepens Despite Ample Supplies Libya’s fuel crisis is becoming harder to explain as a simple shortage of supply. 2 min read News · 1 min read Libya seeks $40bn in investment to develop oil and gas fields National Oil Corporation chairman tells the Financial Times the country holds more than 60 untapped discoveries as it looks to reclaim its position am… 1 min read