A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said.
A US court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.
A tanker carrying crude oil from Iraqi Kurdistan was cleared by the US Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block de
Pakistani sea captain Mirza Noman Baig knew he was trapped when dozens of fighters armed with rifles boarded his tanker just off a rebel-held port on Libya's coast.
A militia from the country's restive east forced his crew
The US Navy has handed over to Libyan authorities an oil tanker carrying crude that had been loaded at a port controlled by armed rebels in defiance of Tripoli's government.
The Morning Glory tanker was due to arrive later on
US Navy Seals boarded and took control of an oil tanker late on Sunday that had was seized earlier this month at a Libyan port by three armed men, the US Department of Defense said.
No one was hurt in the boarding operation, appro
Libyan rebels controlling three oil export ports said they were ready to negotiate with the government over ending their six-month blockade if Tripoli abandoned plans for a military offensive.
Libyan officials on Wednesday gave th
Libya's parliament voted Prime Minister Ali Zeidan out of office on Tuesday after rebels humiliated the government by loading crude on a tanker that fled from naval forces, officials said, in a sign of the worsening chaos in the Opec member
A North Korean-flagged tanker has finished loading crude at the Libyan rebel-held port of Es Sider but has not left the terminal, oil officials said on Monday, after the government threatened to bomb the ship.
Tripoli has said it
Libya threatened to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth.
The rebels, who have seized three major Liby