Oil prices fell on Monday on the potential return of output from Libya as rising coronavirus cases also added to worries about global demand, although a tropical storm heading for the U.S. Gulf of Mexico limited losses. Brent crude was down 33 cents, or 0.8%, at $42.82 a barrel by 0645 GMT, while U.S. crude wa…

Oil prices were unchanged on Friday, weighed after a Libyan commander said a blockade on the country’s oil exports would be lifted for a month, while supportive signals from an OPEC+ meeting lifted futures. Brent LCOc1 fell 15 cents to settle at $43.15 a barrel, but rose 8.3% for the week. U.S. oil futures CLc…

The United Nations Support Mission in Libya (UNSMIL) convened virtually the third meeting of the Libyan Economic Dialogue The meeting was chaired by Acting SRSG Stephanie Williams and brought together 29 Libyan economic experts along with representatives from UNDP and the World Bank, to discuss the progress i…

The exchange rate for citizens and government, according to the oil blockade lifting agreement, should be 1.3 the official price or 3.4 the adjusted price. The key issue is to have a standard price so that all citizens pay the same, the spokesman of the Libyan National Army (LNA), Ahmed Al-Mesmari said. Al-Mism…