Libya Overview

Oil prices were under pressure on Monday, as officials from OPEC and non-member nations kicked off a two-day meeting in Abu Dhabi to discuss compliance levels on their…

U.S. oil moved lower on Friday, as concerns over rising production by the U.S. and OPEC members weighed on demand for the commodity.

U.S. crude futures for September…

Oil prices wavered between small gains and losses in European trade on Monday, ahead of a highly-anticipated meeting of some oil ministers from OPEC and non-OPEC…

Libya said Tuesday it will attend a meeting of OPEC and non-OPEC producers in Saint Petersburg on July 22.

A delegation to the meeting on current market conditions…

Oil prices were slightly higher in European trade on Monday, extending last week’s strong gains on signs that demand for crude will pick up during the second half of…

Oil was firm Friday remaining on track for weekly gains of about 5% as the latest U.S. rig count is awaited.
U.S. crude was up 40 cents, or 0.87%, at $46.48 at 07:00…

Oil prices slowed their advance on Friday morning trade in Asia, reacting to the prospect of high inventories and more efficient production.

The U.S. West Texas…

The IEA Thursday noted “waning confidence” by oil market participants in the re-balancing of supply and demand.

The International Energy Agency noted net long…

Crude continued to rebound mildly in Asia on Tuesday, with the possibility of production curbs in Libya and Nigeria and a shrinking of U.S. stockpiles lifting markets.…

Oil prices rose to 14-day highs on Thursday even as oversupply concerns continued to weigh heavily on industry observers’ minds.

Brent crude futures for August…