The Central Bank of Libya (CBL) devalued the dinar on April 6 as declining oil revenues and spending by the country’s two ...

Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a ...

Libya is attempting to revitalize its energy ... of Western oil companies from the Libyan market. The country's oil reserves are estimated at 48 billion barrels, attracting interest from energy ...

Gaddafi's huge fortune was made possible by Libya’s oil. The country has the largest proven oil reserves in Africa, with crude production forming more than 90% of export revenues. At its peak in ...

Libya, holding Africa's largest proven oil reserves, has struggled to maintain consistent output levels due to internal conflicts and infrastructure damage since 2011. "This marks a significant ...

Tripoli's vast oil reserves, managed by the National Oil Corporation (NOC), have become a focal point for illicit activities, exacerbating political rivalries and national instability. Both the ...

OPEC is planning to increase its oil production quotas, but Trump's tariffs and threats to other nations will cause prices to ...

Libya has launched its first bidding round for oil exploration in more than 17 years, aiming to bolster its position in the global oil market and achieve a production target of two million barrels ...

(Bloomberg) Oil rose with the closure of Libya's largest oil field in a market ... the release of millions of barrels from strategic reserves to ease inflationary pressures. However, global ...

Brega Oil Marketing Co. has successfully launched an aviation fuel supply point at Ubari Airport, a move aimed at bolstering ...