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Libya Lifts Blockade on Oil Fields and Terminals
Libyan authorities in the East have declared the resumption of oil production at the oil fields and the reopening of exports, which were halted due to a major political crisis opposing the rival government in Tripoli, recognized by the UN. This decision follows intense negotiations aimed at stabilizing the country’s oil sector.
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Libya Lifts Blockade on Oil Fields and Terminals
Libyan authorities in the East have declared the resumption of oil production at the oil fields and the reopening of exports, which were halted due to a major political crisis opposing the rival government in Tripoli, recognized by the UN. This decision follows intense negotiations aimed at stabilizing the country’s oil sector.
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OPEC+ considers production increase, 3% fall in oil prices
Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December. Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.
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OPEC+ considers production increase, 3% fall in oil prices
Oil prices fall by 3% as OPEC+ forecasts a production increase as early as December. Saudi Arabia abandons its target of $100 per barrel, putting pressure on the markets.
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Eni steps up exploration in Libya’s Ghadames Basin
Eni, the Italian oil company, is launching new exploration activities in Libya's Ghadames Basin, with the aim of exploiting under-exploited oil resources despite the country's political instability.
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Eni steps up exploration in Libya’s Ghadames Basin
Eni, the Italian oil company, is launching new exploration activities in Libya's Ghadames Basin, with the aim of exploiting under-exploited oil resources despite the country's political instability.
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Libya: New appointment to the Central Bank, key to the oil crisis
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
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Libya: New appointment to the Central Bank, key to the oil crisis
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
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IEA: Global oil demand held back by China’s economy
Global oil demand is set to grow at a more moderate pace, below the one million barrels per day mark, mainly due to the slowdown in the Chinese economy, according to recent forecasts by the International Energy Agency (IEA).
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IEA: Global oil demand held back by China’s economy
Global oil demand is set to grow at a more moderate pace, below the one million barrels per day mark, mainly due to the slowdown in the Chinese economy, according to recent forecasts by the International Energy Agency (IEA).
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OPEC cuts demand forecasts in the face of rising rival production
OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.
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OPEC cuts demand forecasts in the face of rising rival production
OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.
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Libya: Crude oil exports resume from eastern ports
Libyan crude oil exports resume from eastern ports as political negotiations progress between rival governments, supported by UN-sponsored talks.
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Libya: Crude oil exports resume from eastern ports
Libyan crude oil exports resume from eastern ports as political negotiations progress between rival governments, supported by UN-sponsored talks.
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European LNG spot prices outperformed by oil-indexed contracts
Spot prices for liquefied natural gas in Europe are in difficulty compared with long-term oil-indexed contracts, due to persistently low crude oil prices and winter uncertainties.
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European LNG spot prices outperformed by oil-indexed contracts
Spot prices for liquefied natural gas in Europe are in difficulty compared with long-term oil-indexed contracts, due to persistently low crude oil prices and winter uncertainties.
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Libya: Oil exports blocked by political crisis
In Libya, oil exports remain blocked due to a dispute over control of the Central Bank. A few shipments have been authorized from stocks, but production remains severely impacted.
Terminal portuaire de Zueitina
Libya: Oil exports blocked by political crisis
In Libya, oil exports remain blocked due to a dispute over control of the Central Bank. A few shipments have been authorized from stocks, but production remains severely impacted.
Terminal portuaire de Zueitina
OPEC+ Extends Production Cut to Stabilize Oil Prices
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Logo de l'OPEP (siège)
OPEC+ Extends Production Cut to Stabilize Oil Prices
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Logo de l'OPEP (siège)

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