Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National ...

Libya plans its first bidding round for oil exploration in more than 17 years, Masoud Suleman, acting Chairman of the ...

OPEC and its allies’ decision to raise crude oil production from April seems more like a move to please US President Donald ...

Libya has launched its first bidding round for oil exploration in more than 17 years, aiming to bolster its position in the ...

Liquefied natural gas (LNG) has been a bright spot in recent months. The United States is already the world's largest LNG ...

Oil production totaled 35.506 mln barrels per day without Libya, Iran and Venezuela exempted from the deal performance ...

Oil prices are under pressure with ICE Brent settling more than 1.6% lower yesterday. This follows news that OPEC+ is ...

Notably, Libya is exempt from the OPEC+ agreements to limit output. Libyan Prime Minister Abdul-Hamed Dbeibah said: "This is a clear message that Libya has returned to being a main front for oil ...

The country's current crude production has reached over 1.4 million bpd, about 200,000 bpd short of its pre-civil war high, according to NOC. Libya is exempt from OPEC+ agreements to limit output.

Crude oil futures drop as OPEC+ plans gradual production increase, impacting global oil market and commodity trading trends.