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The Latest Breaking News from Libya

Crude Posts Moderate Gains on Dollar Weakness

Nov WTI crude oil (CLX24 ) Friday closed up +0.51 (+0.75%), and Nov RBOB gasoline (RBX24 ) closed down -0.78 (-0.40%). Crude oil and gasoline prices settled mixed on Friday. Short covering emerged in crude oil Friday after the dollar index (DXY00) tumbled to a 14-month low. Crude also had...

Barchart

Chinese Attempt To Smuggle Drones Disguised As COVID-19 Aid

Alleged Chinese scheme to send drones to Libya disguised as COVID-19 aid raises international concerns and questions about transparency in global affairs.

Top News

Crude Prices Slightly Higher on Dollar Weakness

Nov WTI crude oil (CLX24 ) today is up +0.12 (+0.18%), and Nov RBOB gasoline (RBX24 ) is up +0.10 (+0.05%). Crude oil and gasoline prices today are slightly higher. Short covering emerged in crude oil today after the dollar index (DXY00) tumbled to a 14-month low. Crude also has...

Barchart

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Libya central bank deal could resolve ‘all political issues’, says head of state

Mohamed al-Menfi defends dismissal of previous governor and says deal will bring back international accountability

The Guardian - UK

Crude Prices Retreat on Report of Higher Saudi Arabian Oil Production

Nov WTI crude oil (CLX24 ) Thursday closed down -2.02 (-2.90%), and Nov RBOB gasoline (RBX24 ) closed down -3.93 (-2.00%). Crude oil and gasoline prices Thursday fell sharply, with crude posting a 2-week low and gasoline posting a 1-week low. Crude prices tumbled Thursday after the Financial Times reported...

Barchart

Crude Falls on the Potential Return of Full Saudi Arabia Output

Nov WTI crude oil (CLX24 ) today is down -1.79 (-2.57%), and Nov RBOB gasoline (RBX24 ) is down -2.65 (-1.34%). Crude oil and gasoline prices today are moderately lower, with crude falling to a 2-week low and gasoline falling to a 1-week low. Crude prices tumbled today after the...

Barchart

Crude Prices Tumble on Hopes for Resumption of Libyan Oil Exports

Nov WTI crude oil (CLX24 ) Wednesday closed down -1.87 (-2.61%), and Nov RBOB gasoline (RBX24 ) closed down -3.13 (-1.56%). Crude oil and gasoline prices settled sharply lower on Wednesday. A stronger dollar Wednesday weighed on energy prices. Oil prices were also weighed down by concern that Chinese fuel...

Barchart

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EU fund to stem migration from Africa ‘fails to address risks’ – watchdog

The €5bn fund ignores the threat of human rights abusers receiving EU money, says European court of auditors

The Guardian - UK

The EU is failing to dissuade African migrants despite spending billions, auditors say

The European Union's financial watchdog says the bloc is failing to draw lessons about how to discourage unauthorized migration into Europe from Africa

The Independent UK

France accused over performance in heavy defeat to Iran at Futsal World Cup

Libya’s head coach said complaint will be filed following concerns about the manner of the French players’ performance in a 4-1 defeat by Iran

The Guardian - UK

Labour once sought an ethical foreign policy. That should be the guiding star in tackling the refugee crisis

Costly and lethal efforts at deterrence will not stem migration. Keir Starmer should look to human rights and the nation’s ‘bonds of affection’, not be supporting authoritarian regimes

The Guardian - UK

Crude Pressured by Dollar Strength and Increased Libyan Crude Exports

Oct WTI crude oil (CLV24 ) Friday closed down -0.03 (-0.04%), and Oct RBOB gasoline (RBV24 ) closed down -2.36 (-1.15%). Crude oil and gasoline prices Friday settled lower. Strength in the dollar Friday and increased crude exports from Libya weighed on oil prices. Also, ongoing concerns about weak energy...

Barchart

Crude Prices Underpinned by Heightened Middle East Tensions

Oct WTI crude oil (CLV24 ) today is up +0.14 (+0.19%), and Oct RBOB gasoline (RBV24 ) is down -1.22 (-0.59%). Crude oil and gasoline prices today are mixed. Heightened tensions in the Middle East are underpinning crude prices. Gains in crude are limited today by a stronger dollar and...

Barchart

Diplomatic failings and ‘elite bargains’ prolonging Libya turmoil: Analysts

With the central bank in turmoil, analysts say that diplomatic efforts in Libya are failing its people.

Al Jazeera

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Barchart

Crude Prices Climb on US Economic Strength and Heightened Middle East Tensions

Oct WTI crude oil (CLV24 ) Tuesday closed up +1.10 (+1.57%), and Oct RBOB gasoline (RBV24 ) closed up +3.37 (+1.71%). Crude oil and gasoline prices Tuesday rallied to 2-week highs and settled moderately higher. Crude rallied Tuesday as stronger-than-expected US economic news showed economic strength that is bullish for...

Barchart

Crude Price Climb as US Economic Strength Supports Fuel Demand

Oct WTI crude oil (CLV24 ) today is up +0.93 (+1.33%), and Oct RBOB gasoline (RBV24 ) is up +1.61 (+0.82%). Crude oil and gasoline prices today climbed to 1-1/2 week highs and are moderately higher. Crude is moving higher today as stronger-than-expected US economic news showed economic strength that...

Barchart

Crude Rallies to a 1-Week High on Dollar Weakness and Tighter Global Oil Supplies

Oct WTI crude oil (CLV24 ) Monday closed up +1.44 (+2.10%), and Oct RBOB gasoline (RBV24 ) closed up +3.80 (+1.97%). Crude oil and gasoline prices Monday rallied sharply to 1-week highs. Monday's slide in the dollar index to a 1-week low was bullish for most commodity prices. Also, the...

The Guardian - UK

How has Italy sought to cut irregular migration and could UK copy the policy?

Tunisia and Libya deals appear to have reduced small-boat crossings under Giorgia Meloni’s hard-right government

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Crude Posts a 1-Week High on Dollar Weakness and Disruption to Libyan Crude Exports

Oct WTI crude oil (CLV24 ) today is up +1.19 (+1.73%), and Oct RBOB gasoline (RBV24 ) is up +4.02 (+2.085%). Crude oil and gasoline prices today climbed to 1-week highs and are moderately higher. Today's slide in the dollar index (DXY00 ) to a 1-week low is bullish for...

The Independent UK

How has Italy reduced small boat arrivals by more than 60% in a year – and what is the Albania scheme?

Sir Keir Starmer says he is looking to Italy for answers on how to reduce Channel crossings

Al Jazeera

‘I will die trying’: Gambian migrant deportees dream of return to Europe

People who took the ‘backway’ to EU countries and were sent home find few opportunities.

The Guardian - UK

My Friends by Hisham Matar audiobook review – life in exile

Three Libyan friends navigate life in London, separated from their families, in a meditative book steeped in the author’s own experience

France 24

Libya: One year after deadly floods, reconstruction in full swing in Derna

Exactly one year ago, on September 11, 2023, the eastern Libyan coastal town of Derna was hit by deadly floods. Cyclone Daniel left around 5,000 people dead, as many missing and 45,000 displaced. Today, the city is undergoing a full reconstruction. Belgacem Haftar, the son of powerful Libyan military and…

The Guardian - US

‘I feared for my life’: record-setting US traveler says he was held as possible spy

Indy Nelson set a record for most airlines flown and said he was detained by Iran, Russia, Libya and Papua New Guinea

The Independent UK

A Libyan city scarred by disaster tries to rebuild a year after deadly flooding

It's been a year since two dams burst upstream from the eastern Libyan city of Derna, unleashing a wall of water that swept away thousands of people

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