US crude futures rose by almost $2 and Brent by more than $1 on Tuesday on the prospect of a production cut by Opec as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.
Qatar has denied an accusation by Libyan Prime Minister Abdullah al-Thinni that it sent three military aircraft loaded with weapons to a Tripoli airport controlled by an armed opposition group.
In a statement to Qatar's news a
Libya's oil production has risen to 870,000 barrels a day, a spokesman for state-run National Oil Corp (NOC) said.
NOC had put output last week at 810,000 bpd. The Opec member's production has risen in
Libya's Al Waha Oil Company feeding the eastern Es Sider export port is producing around 91,000 barrels per day (bpd), company spokesman Mohamed Hitab said.
The oil grade will be exported through the Es Sid
A group of rebels campaigning for autonomy in eastern Libya rejects the parliament set up by another armed group in Tripoli but will honour a deal to keep major oil ports open, a rebel spokesman said.
Libya's oil production has risen to 725,000 barrels per day (bpd) from 700,000 bpd previously, the state-run National Oil Corp (NOC) said.
The Organisation of the Petroleum Exporting Countries (Opec) member's output has risen st
A comeback by Libya's oil industry may be short-lived as a confrontation between armed groups risks splitting the country three years after the fall of Muammar Gaddafi.
Oil production has risen to 650,000 barrels per day (bpd)
Egypt and the United Arab Emirates were responsible for carrying out two series of air strikes in the past week on armed Islamist factions in Tripoli, Libya, US officials said late on Monday.
The officials said the two Arab countr