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Morocco suspends air services to and from Libya

2015-02-17 11:16:00| Airport Technology

Morocco has suspended flights to Libya and closed its airspace for Libyan aircraft, citing security concerns a day after Egypt bombed the strife-stricken country.

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Oil Holds Gains Amid U.S. Drilling Slowdown, Libya Output Threat

2015-02-16 10:33:51| Energy - Topix.net

Futures were little changed in New York after climbing 3.1 percent on Feb. 13. Drillers cut the number of rigs in service by 84 to 1,056, the fewest since August 2011, data from Baker Hughes Inc. showed. Libya's National Oil Corp. said it would stop pumping crude at all fields if the authorities fail to contain attacks on facilities that has reduced output to the lowest in a year.

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Oil Holds Gains Amid U.S. Drilling Slowdown, Libya Output Threat

2015-02-16 06:32:27| Oil & Gas - Topix.net

Futures were little changed in New York after climbing 3.1 percent on Feb. 13. Drillers cut the number of rigs in service by 84 to 1,056, the fewest since August 2011, data from Baker Hughes Inc. showed. Libya's National Oil Corp. said it would stop pumping crude at all fields if the authorities fail to contain an escalation of attacks on facilities that has reduced output to the lowest in a year.

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Libya Warns of Complete Oil Shutdown as Attacks Escalate

2015-02-15 13:54:09| Oil & Gas - Topix.net

Smoke rises from the port of the eastern Libyan city of Benghazi during clashes between forces loyal to the internationally recognised government and militias, on Feb. 14, 2015. Photographer: Abdullah Doma/AFP via Getty Images -- Libya's state-run oil company warned that it would shut production at all fields if authorities in the divided nation fail to contain an escalation of attacks on facilities that cut crude output to a year-low.

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Oil prices settle near $58 due to unrest in Libya

2015-02-06 01:00:00| Offshore Technology

The price of Brent crude oil settled just above $58 a barrel on Friday due to unrest in Libya.

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