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

The move seeks to create balance in the economy amid high demand for foreign exchange, while supporting the dinar with reserves is unsustainable, it said. The bank put oil revenue at $5.2 billion for ...

Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials ...

‎The Acting Chairman of Libya’s National Oil Corporation (NOC), Masoud Suleiman Mousa, launched the Third Phase of the Public ...

April 9, 2025: In January Tripoli prison warden Osama Al-Masri Njeem was arrested and jailed while visiting Italy to watch Juventus play football. Two days later Al-Masri was released and flown back ...

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

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

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 step ...

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 ...