The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, called for reopening oil fields and resuming exports as soon as possible, noting that this measure will encourage foreign companies to come to Libya in the future. Sanalla added that he had approved a budget of $1.3 million to support some of …

Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic. Crude inventories rose by 13.8 million barrels last week, the U.S. Energy Information Administration said. That was the b…

In a report published today, the International Energy Agency (IEA) said that the global crisis caused by the coronavirus pandemic will be felt throughout oil’s global supply chains and ripple into other parts of the energy sector. Oil prices crumbled as the pandemic slashed global fuel consumption, with furthe…

In a statement published yesterday, the Municipality of Tripoli Center has underscored that it had received no financial support to date, with respect to the emergency budget announced by the Presidential Council, on March 17, to face Coronavirus in Tripoli. The municipality stressed that the services provided …