News list for "Libya"
Libya's cheap and subsidised electricity has spawned a secretive bitcoin mining boom that accounts for about 0.6 per cent of global hashrate, according to market sources, adding to the burden on local power grids and forcing authorities to escalate their crackdown.
Acting chairperson of libya's national oil company: libya has invited tenders for its first round of oil exploration in 17 years.
Libyan National Oil Company: Oil production is close to normal and has reached 1.22 million barrels per day.
Libya's legislature has made progress in talks to appoint a central bank governor, the UN mission in Libya said, with Libyan factions agreeing to resume talks on Thursday to reach a final deal after the eastern government announced it would halt all oil production and exports in response to attempts by the western government to take control of the central bank.
Market news: Libya's Agoco oil company increases crude oil production to 232,000 barrels per day.
Representatives of Libya's legislature said in a statement that the legislature reached an agreement after UN-sponsored talks to appoint a central bank governor within 30 days. (Media Correction: Non-Libyan Central Bank Governor Says)
Libyan Central Bank Governor: Ready to return from Turkey to regain control of the Libyan Central Bank.
The governor of Libya's central bank believes that oil supplies will be restored soon.
On September 3, Libya's central bank governor Sadiq Al-Kabir said on Tuesday that there were "strong" signs that the political factions were moving closer to reaching an agreement to break the current impasse. Reconciliation between Libya's various governments would pave the way for more than 500,000 barrels of oil supply a day to return to global markets. Kabir had been tried to oust by the western government, prompting authorities in the east to cut crude oil production. While Kabir fled Libya...
Overnight oil prices rebounded slightly, supported by the Libyan government's continued production restrictions and exports, but there are still multiple factors that may continue to weigh on oil prices. One of the indicators hit a new low for the year, which may push oil prices back down? > >
