Page 8 - Hit Libya News Today

About libya and is urging all americans there to get out. thousands of ex-patriots from visiting countries are trying to do just that. the island nation of malta have been an arrival point for those fleeing libya. an airplane departed carrying 207 people. and as ivan watson reports for those leaving by air, libyas chaos is following them all the way to the departure gate. >> the government says this is the main escape route for tens of thousands of foreigners in libya right now. at least half do...

The dow posting its first rate loss down by .3%. s&p down a fraction, the nasdaq up by about .5%. well, one stock a lot of people were watching on thursday was gm. and it finished the day down 4% despite the company reporting some good news. gm posting its first annual profit since 2004. it notched up $4.7 billion in profits. rebound in u.s. sales and strong growth in china helping power the gm turn around. the u.n. security council is set to meet on friday afternoon in new york to consider a ...

Gadhafi strongholds as they move closer to mounting a challenge for the countrys capital tripoli. protesters are planning a mass demonstration there after friday prayers in the next couple of hours. well, the libyan leader is also facing more international pressure. world leaders have condemned his violent response to peaceful protests. and new switzerland has frozen his assets along with those of his clan. meanwhile, dozens of foreign governments are scrambling to get their citizens out as quic...

To find an authorized dealer near you, visit tempurpedic.com. tempur-pedic. the most highly recommended bed in america. this week on "marketplace middle east," crude concerns over unrest in libya. the energy markets talk of disruptions to supply. plus, maintaining business friendly bahrain. as the formula one race is canceled, we talk to the head of the sovereign wealth fund.

$19 billion in foreign direct investment as of the end of last year. but most of the countrys wealth still comes from oil production, which accounts for an estimated 95% of export earnings. libya exports much of that oil through southern europe. in fact, its europes biggest oil supplier and home to africas largest reserve. but can the world still rely on the oil and gas supply? i asked cornelia myer how much an oil disruption in libya would really hurt? >> i dont think its detrimental because it...

>> oil traders are keeping an eye on the anti-government protests in algeria. theyre the fourth largest producer right after libya, also a sizable player in the natural gas arena, the worlds sixth biggest producer. but the stakes are higher east in iran. the supply is just over 4% of global command. it has the third largest proven oil reserve and the second largest gas reserves. up next, a high-profile commercial casualty, bahrains formula one. we take a look at how protests are impacting the ...

Other countries include royal dutch shell, eni, bp, and wintershall. and norways statoil have closed in the country. it has one of the highest per capita gdps in africa. its believed that number could go as high as 50% among the states. earlier in the week, one of gadhafis son took the air waves and warned of the dire consequences of social upheaval. >> translator: so we will have civil war. we will lose all the infrastructure. we will have no food. and in addition, you now have companies in lib...

Gadhafi or what will happen there. and what the new -- if theres a new regime, what the new regime looks like. but, you know, the oil companies are so heavily invested that they will try to come to accommodations with whoever is in power to be able to produce the oil and the gas that we, especially in southern europe need. >> beyond oil, libya was just opening up to power generation tourism development. do you think foreign investors are going to look at the scenario with tribal warfare literall...

Going on in the oil markets. and theyve been pretty skittish as events in libya continue to unfold. brent oil currently up $2 a barrel, trading at around $112 as you see there, but thats actually down from $119 a barrel yesterday. and thats easing from the peak thats been helping stock markets around the world. nymex crude down from its thursday high, as well, trading at just under $98 a barrel. it did get to $103 at one point. earlier, pimco told piers morgan that the oil price volatility will ...

As the wave of protests across the arab world hit libya. oil prices reached a 2 1/2 year high charting territory not seen since the financial crisis in 2008. in an effort to calm the markets, saudi arabias oil minister says that the country would boost production along with other opec states, but only if there was a supply shortage. also confirmed that saudi arabia has 4 million barrels a day of spare capacity. but not only the markets on edge, the oil giants on the ground are weighing their nex...