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The first tanker to moor at the Sidra terminal since it was attacked two years ago by Libya Dawn forces and several of its oil storage tanks set on fire has taken on cargo of crude oil. According to reports, the tanker is the Maltese-registered SeaMusic. The 62,775-grossweight tonnage tanker was recorded...

The Libyan dinar closed against the dollar on the Tripoli black market today at LD 6.10 – down one dinar from yesterday’s LD 7.15 to the dollar. At...

Saudi Arabia signaled it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several non-other OPEC...

Washington— US Secretary of State John Kerry announced Thursday that the United States is providing nearly $6 million in humanitarian assistance for...

Libya was a very poor agricultural country with bleak economic prospects until 1958, when petroleum was discovered 200–300 mi (320–480 km) S and SE...