Oil prices eased on Wednesday, extending declines as the International Energy Ag...
TOKYO - Oil prices eased on Wednesday, extending declines as the International Energy Agency forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output.
The head of the IEA, Fatih Birol, said on Tuesday he expects the market to be in surplus by a million barrels per day in the first half of this year. Libya’s National Oil Corp on Monday declared force majeure on the loading of oil from two major oil fields after the latest development in a long-running military conflict.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia shares pause near high ground, oil jumps on Libya shutdownAsian shares held near a 20-month top on Monday even as investors took some mone...
Read more »
Oil price rises after Libya civil war forces 2 oilfields to shut down - Business InsiderSupporters of military commander Khalifa Haftar closed a pipeline connecting two major oilfields in Libya, sending Brent crude to the highest since January 9.
Read more »
US calls for immediate resumption of Libya oil operationsUS says oil exports blocked by illegal militia of Khalifa Haftar must 'resume' immediately, while Turkey's FM Mevlut Cavusoglu says Haftar must choose 'political solution.'
Read more »
Libya players agree to respect arms embargo, push cease-fireInternational powers with conflicting interests in Libya’s civil war have called for a cease-fire and agreed to respect a much-violated arms embargo in an effort to end the conflict.
Read more »
Turkish presence in Libya raises hope for peace - President ErdoganTurkey will continue to support the political process in Libya both on the ground and at the negotiating table, Turkish President Recep Tayyip Erdogan says
Read more »