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Libya's oil state firm the National Oil Corporation needs a budget of $17 billion to increase national oil output to 2 million barrels per day in three to five years, its chief Farhat Bengdara said...
Concerns about the global economy will be a counterforce on oil prices, says Stratas Advisors' John Paisie.
Four major oil ports in Libya have reopened after shutting down on Saturday because of the powerful storm that swept the country…
Authorities in eastern Libya said at least 2,000 people were killed and thousands more were missing after a massive flood ripped through the city of Derna following a
Chaos continues in Libya after two dams flooded the city of Derna, with more than 5,000 people killed by the tsunami-like wave that has displaced over 30,000 residents.