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Author: LS

Oil prices down with worries over glut and storage

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Crude oil prices were down on Thursday amid worries that the rising glut of supply in the global oil market would rapidly fill crude storage capacity around the world.

International benchmark Brent crude was trading at $19.20 per barrel at 06;25 GMT for a 4% decline after it closed Monday at $20 a barrel.

American benchmark West Texas Intermediate was at $17.96 a barrel at the same time for a 28.8% dive after ending the previous session at $12.78 per barrel.

Due to the novel coronavirus, global oil demand has been low, but supply has been growing since oil producers around the world continue to keep pumping crude.

U.S. Embassy regrets Haftar’s suggestion for changing Libya’s political structure

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The United States regrets LNA commander Haftar’s suggestion that changes to Libya’s political structure can be imposed by unilateral declaration and reiterates the call for an immediate humanitarian cessation hostilities.

The Embassy navertheless welcomes any opportunity to engage LNA commander Haftar and all parties in serious dialogue about how the country can move forward.

As civilians continue to suffer during the holy month of Ramadan and the Covid-19 pandemic threatens more lives, the U.S. Embassy urged the LNA to join the government of National Accord in declaring an immediate humanitarian cessation of hostilities leading to a lasting ceasefire as formulated in 5+5 talks under UNSMIL facilitation on February 23 in Geneva.

UN: East Libya has expelled 1,400 refugees and migrants this year

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 Authorities in rebel-held eastern Libya have expelled 1,400 migrants and refugees so far this year, in violation of international law, the U.N. rights office said on Today.

“The numbers that I have are from the start of the year so 1,400 migrants and refugees and just this month there was the episode of 160 Sudanese migrants,” Jeremy Laurence, spokesman for the Office of the U.N. High Commissioner for Human Rights, told a virtual briefing in Geneva.

“Such practices violate Libya’s international human rights obligations, prohibiting refoulement and collective expulsion,” he added, using a French legal term for returning refugees and asylum seekers to a country where they may face persecution.

He said that they had been sent to Sudan, Niger, Chad and Somalia and were deported without access to legal assistance or other services required to ensure their protection.

Coronavirus is “far from over”

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The coronavirus pandemic is “far from over” and is still disrupting normal health services, especially life-saving immunisation for children in the poorest countries, the head of the World Health Organization (WHO) said on Monday.

The U.N. agency is concerned about rising numbers of cases and deaths in Africa, Eastern Europe, Latin America and some Asian countries, even as the numbers flatten or decline in some wealthier nations.

“We have a long road ahead of us and a lot of work to do,” WHO Director-General Tedros Adhanom Ghebreyesus told a virtual news conference in Geneva, adding that a second wave of infections could be prevented with the right actions.

Water supplies flow back to Tripoli

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On Sunday, the Man Made River Authority stated that it had completed work to replace the valve which had not been functional at Al Shweref Station, since April 23.

The Man Made River explained that the valve replacement was necessary in order to safely control water flow at the station, which had a major fault and was difficult to maintain, hence the need to reduce water flow by 50% until the maintenance teams completed their work.

It also indicated that water supply would return to all neighborhoods of Tripoli from Monday night.

Tripoli: baby food distributed to different municipalities

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In a statement published on Facebook, Central Tripoli Municipality claimed that it has received a baby food shipment from the Human Plus Organization .

According to the statement, the baby food shipment was distributed today to Tripoli municipalities, among which Souq Al Jum’aa, Hai Alandalus, Abu Salim, Castelverde (Gasr Garabulli), Tajoura, Janzur and Ain Zara.

The municipality clarified that the distribution process was carried out by Tripoli’s Commission for displaced persons in cooperation with the Commission of Civil Society (Tripoli branch).

The municipality added that the baby food would be distributed to the municipality’s health centers as well.

Gold slides as hopes of lockdowns easing whet risk appetite

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Gold fell on Monday as U.S. Treasury yields rose and plans to ease coronavirus-induced lockdowns by many countries whetted investor appetite for riskier assets, but unprecedented stimulus measures from governments provided underlying support.

Spot gold fell 0.8% to $1,712.99 per ounce by 15:08 GMT, having earlier fallen as much as 1.3% to $1,704.45. U.S. gold futures were down 0.5% at $1,726.70.

Elsewhere palladium dropped as much as 6.7% to a near one-week low of $1,890.13 per ounce. It was last down 5% at $1,923.21 per ounce.

Platinum rose 0.1% to $760.14 and silver eased 0.1% to $15.22.

Continued rocket attacks on civilian houses killed a woman and her son

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The media advisor to the Ministry of Health, Amin Al Hashemi, confirmed in a statement to “Tabadul” that shelling on Garabulli in eastern Tripoli killed a woman and her son, while two other of the woman’s sons had been lodged at the intensive care unit at hospital due to the same attack. .