#Libya#
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Libya, officially the State of Libya, is a country in the Maghreb region in North Africa, bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad to the south, Niger to the southwest, Algeria to the west, and Tunisia to the northwest.
Libya ceasefire to close WTI bullish trend
The news that the military blockage in Libya shut down the two large crude oil fields, which made WTI yield. At release time, the crude oil trades near $58.75, looking to close the bullish opening gap.
It looks oil bulls cheered the weekend reports of the Libyan outage, and then the prices jumped to
Oil higher as unrest plagues Libya and Iraq
Notes/Observations
- Unrest hits key OPEC producers Iraq and Libya
- US markets closed Monday for holiday
Asia:
- China PBoC leaves monthly rates unchanged fo r
- China Ministry of Industry and Information Technology (MIIT) Official Miao Wei stated that the country faced big pressure in stabilizing
Libya Reopens Its Biggest Oil Field, Giving OPEC+ a New Headache
(Bloomberg) -- Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to curb global supplies.The National Oil Corp., Libya’s state energy company, lifted force majeure on the west
