Tue, 21-Oct-2025

Libya halts operations at the country’s largest oilfield

Libya

Libya’s National Oil Company (NOC) has halted production at two key oil fields: Zouetina and al-Charara, after the closure of many other facilities due to demonstrations and political conflicts. The blockades imposed on Monday come as Libya struggles to move on from the years of Muammar Gaddafi’s rule, which was deposed in 2011. In February, … Read more

Oil Prices fall 4 percent amid over supply fears

Oil

Crude oil futures fell after revived production at a Libyan oil field sparked fears of an inventory flood. West Texas Intermediate contracts slipped as much as 4% to $39.27. Brent crude, the commodity’s international standard, fell 3.1% to an intraday low of $41.93. Both contracts retraced some gains following the decline. The Messla oil field … Read more