Today, oil futures gave up early gains despite potential action from the OPEC+ group of producers to counter an expected fall in oil demand as a consequence of the coronavirus outbreak. Brent futures were down 31 cents at $54.97 a barrel by 13:25 GMT. However, U.S West Texas Intermediate (WTI) futures reach…

Yesterday, the General National Maritime Transport Company (GNMTC) announced the arrival of Anwaar Afriqya tanker to Tripoli’s port to discharge 34 million liters of gasoline. It is important to stress that the National Oil Corporation has repeatedly assured the availability of fuel in sufficient quantities.

Yesterday, the Libyan-Norwegian Fertilizer Company (Lifeco) announced force majeure in all its factories. Because of the continued blockades of oil operations, Lifeco stressed that production will be suspended starting from February 9.

In a statement to “Tabadul”, the representative of the General Union of Petroleum ,Luay Daoud, announced that the protest to be carried out next Wednesday in front of the National Oil Corporation aims at keeping vital areas, reopening oil fields and ports, and resuming oil production. The representative of the U…