Three weeks ago, General Haftar backed a proposal to set up a new rival interim government to challenge the GNU in Tripoli. Last week, threats emerged from the east of another oil export blockade until the distribution of oil revenues is sorted. It’s always been about control of the oil and oil revenues, with Haftar’s LNA maintaining the capability to physically block oil exports, and Tripoli maintaining the capability to control oil revenues and how they are dispersed. Haftar has issued a clear ultimatum: Come up with a fair division of oil revenues by August or there will be another oil export blockade. We are now in a situation in which General Haftar’s LNA has been mobilized and prepared for action, while “talks” are apparently being undertaken by both sides on revenues.

July 14, 2023 12:28 UTC

TOKYO - Oil prices rose on Friday on support from tighter supply amid issues in Libya and Nigeria and easing U.S. inflation, which markets hope may bring an end to interest rate hikes in the world's biggest economy.Brent crude futures rose 27 cents, or 0.3%, to $81.63 per barrel at 0028 GMT. U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to $77.24.U.S. consumer prices rose modestly in June at the smallest annual increase rate in more than two years as inflation continued to subside. Separately, Shell has suspended loadings of Nigeria's Forcados crude oil due to a potential leak at a terminal.Protests in Libya alone could take more than 250,000 barrels of oil per day from the market, ANZ Research said. "This comes amid signs that recent cuts to supply from Saudi Arabia and Russia are biting," it added.Saudi Arabia and Russia, the world's biggest oil exporters, this month agreed to deepen oil cuts in place since November last year, providing further support to crude prices.

July 14, 2023 11:30 UTC

Two oilfields in Libya have shutdown amid protests over the detainment of the former finance minister, raising new concerns about political instability. El Feel was the first to stop, as protestors moved into the facilities, followed shortly after by Sharara. It noted “continued abductions, arbitrary arrests, and disappearances of citizens and public figures by various security actors in Libya”. Boumtari was angling for the top job at the Central Bank of Libya (CBL), replacing Al-Siddiq Al-Kabir. However, the Sharara and El Feel protests do not involve him.

July 14, 2023 09:46 UTC

(Corrects Brent price unit in second paragraph to 'per barrel')By Shariq KhanBENGALURU : Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain. A stronger greenback reduces oil demand, making crude more expensive for investors holding other currencies. "While oil prices are likely slightly overbought in the very near term, touching the highest levels since early May, the bias appears to be for a grind higher," Haworth said. Oil prices gained nearly 2per cent on a weekly basis, after supply disruptions in Libya and Nigeria heightened concerns that the markets will tighten in coming months. Separately, Shell suspended loadings of Nigeria's Forcados crude oil owing to a potential leak at a terminal.

July 14, 2023 07:00 UTC

Brussels is unaware of investigations into criminal groups using Syrian airline Cham Wings to traffick people into Europe, European Home Affairs Commissioner Ylva Johansson said. But she did confirm that Dubai in the United Arab Emirates and Alexandria in Egypt served as transit points between Dhaka in Bangladesh and Benghazi in Libya for Bangladeshi nationals. However, a day later the EU placed Shammout on its sanctions list, calling him a “leading business person operating in Syria”. Eastern Libya is governed by the House of Representatives and Haftar, both of which are not recognised by the international community as the legitimate representatives of Libya. With migration route along the western shores of Libya practically being stifled, most migrants reaching Italy are now leaving from the east, or from Tunisia.

July 14, 2023 05:07 UTC





BENGHAZI, July 13 (Reuters) - Oil production in Libya's Sharara oilfield gradually shut on Thursday and production will totally shut down by Friday, two engineers in the oilfield told Reuters on Thursday. "No protesters have entered the field so far," the engineers added. Sharara field , one of Libya's largest production areas with capacity of 300,000 barrels per day, has been a frequent target for several political reasons and demands by local protesters. It's run by the state oil firm NOC via Acacus company with Spain's Repsol, France's Total, Austria's OMV, and Norway's Equinor. (Reporting by Ayman Werfalli; Writing by Alaa Swilam; Editing by Leslie Adler and Diane Craft)

July 13, 2023 19:59 UTC

The U.N. Support Mission in Libya (UNSMIL) condemned today the arrest of former finance minister Faraj Boumtari as well as the travel ban imposed against five members of the High Council of State. “The United Nations Support Mission in Libya (UNSMIL) is deeply disturbed by the continued abductions, arbitrary arrests, and disappearances of citizens and public figures by various security actors in Libya,” UNSMIL said in a statement. “On July 12, former Finance Minister Faraj Boumtari was reportedly detained at Mitiga Airport and taken to an undisclosed location. Today, reports indicate that five members of the High Council of State have been reportedly banned from travelling at the same airport,” added the UN mission. Libya’s oil and other natural resources should not be used as a bargaining tool in any form of internal dispute.”

July 13, 2023 19:39 UTC

In the new African format, just the winners of the nine six-team groups are guaranteed a place at the World Cup. The draw followed the Confederation of African Football's general assembly in Abidjan, Ivory Coast, the West African country that will host the next African Cup of Nations in January-February. The Sudanese neighbors will play each other in World Cup qualifying having split into independent states in 2011 after decades of civil war. Egypt played at the 2018 World Cup in Russia after a 28-year absence but missed Qatar. Morocco, Senegal, Tunisia, Cameroon and Ghana were the five teams from Africa to qualify for the World Cup last year.

July 13, 2023 19:14 UTC

Khaled Al-Mishri, chairman of the High Council of State, has accused Prime Minister Abdul Hamid Dbeibeh of direct responsibility over the travel ban against members of his council. Five members of the High Council of State have been reportedly banned from traveling at Mitiga Airport today. In a recorded statement released via the High Council of State’s Facebook page, Al-Mishri said he’s holding the premier responsible for the safety of his council’s members. He said the five members were stopped at the airport while on there to board a flight to Turkey for a work mission. Al-Mishri also sent a letter to the Attorney-General, urging to open an investigation into the incident.

July 13, 2023 19:13 UTC

Bloomberg DaybreakBloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic, business and market news, as well as global, national, and local news.

July 13, 2023 19:09 UTC

This morning, Libya’s Oil Minister Mohamed Oun confirmed to Argus Media that the 70,000 bpd El Feel oilfield had been shut down by protestors. But around 1:30 PM U.S. Central Time, reports started to surface that operations had been halted at the Sharara oil field due to protests. #Libya’s Sharara oil field said to halt production due to protests #oott — Giovanni Staunovo???? Libya’s Sharara oil field is capable of producing almost 300,000 bpd of crude oil and is owned by Libya’s National Oil Company, TotalEnergies, Repsol and OMV. Watkins notes that last time the General ordered his troops to be on standby, Libyan oil production effectively collapsed from 1.2 million bpd to near zero barrels per day.

July 13, 2023 19:08 UTC

BENGHAZI (Reuters) -Production at Libya's El Feel, Sharara and 108 oilfields was shut on Thursday in a protest against the abduction of a former finance minister, a tribal leader told Reuters on Thursday. No protesters have entered the Sharara oilfield so far, two engineers working in the field told Reuters on Thursday. The Sharara field , one of Libya's largest production areas with capacity of 300,000 barrels per day, has been a frequent target for several political reasons and demands by local protesters. No immediate comments was available from Libya's Oil Corp (NOC). The mission said five members of Libya's High State Council were also reportedly banned from travelling at the same airport.

July 13, 2023 18:57 UTC

He said: “The two forests house two terrorist groups, the Lakurawa who claimed to be jihadists from Niger, Mali and Libya and the local bandits terrorising the area. AdvertisementLagbaja spoke when he hosted Governor Dauda Lawal of Zamfara State in Abuja. ‘’I have confidence and I’m convinced that our security forces are able to do the job. John Hayab, said: “I strongly condemn the imposition of taxes on Sokoto farmers by bandits from Niger, Mali, and Libya. ‘’Immediate action must be taken by the security forces, led by the service chiefs, to arrest and repatriate these criminals back to their countries.

July 13, 2023 18:43 UTC

Despite their limited experience, civil society organizations played a key role in the successful conduct of the first election in Libya. As a result, the space available for civil society organizations shrank considerably, and many activists were actively targeted and assassinated. However, during Haftar’s War on Tripoli in 2019, which polarized civil society, the online space quickly became riddled with misinformation. 19 of 2001), to be invalid, therefore, effectively ending independent civic organizations and individual freedoms. Surviving to existThe environment in which civil society in Libya tries to survive is increasingly hostile and challenging.

July 13, 2023 13:43 UTC

MaltaToday has received footage of the moment Jean Paul Sofia’s parents confronted government MPs in parliament after voting against a public inquiry into their son’s construction site death. This newspaper is publishing the footage despite parliamentary rules that prohibit this because of an overriding public interest. Sofia’s parents’ grievances deserve a platform in the face of government intransigence to agree to a public inquiry into the incident and the construction sector as a whole. READ ALSO | Justice for Jean Paul: Prime Minister, do the right thing

July 13, 2023 07:13 UTC