Today, oil prices jumped by around 10%, a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and Russia signalled that talks with OPEC remained possible. U.S. President Donald Trump on Monday said he will be taking “major” steps to gird the U.S. economy agains…

In a statement to Tabadul, the economic analyst Ismail Al Mahishi confirmed that Coronavirus has universal international ramifications that affected the global economy, indicating that, so far, the research centres have not accessed a treatment for this epidemic. “The drop in oil prices has negative economic fal…

Yesterday, Libya’s National Oil Corporation published an official notice that summarises the situation across Libya for the oil and gas sector.  Oil and gas production in Libya have been consistently down as a result of the illegal blockade of oil facilities. The current levels of production are 114,331 barrel…

The Central Bank of Libya issued a Statement concerning Revenues and Expenditures for the period 1 January to 29 February 2020, along with the foreign currency sales for commercial banks (in USD) for the same period. The bank declared that oil revenues for January and February crashed to just 380 million LYD, ad…