Libya Sanctions

Libya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

North Korea has resorted to a "massive increase" of illegal ship-to-ship transfers of oil products at sea to evade UN sanctions and enlisted a Syrian arms broker to sell weapons to Yemen and Libya, a UN report said Friday.

The United Nations has lifted sanctions imposed on an oil tanker owned by a Mumbai-based company which had breached them during a business operation in Libya last month, it was announced today.

The UN Security Council on Wednesday urged Libya's parties to sign an agreement to form a national unity government and threatened sanctions against those who stand in the way of a deal.

Libyan authorities are unable to halt the illicit trade in oil or the flow of weapons in and out of the country, and they need an international maritime force to help, United Nations sanctions monitors said in a new report.

The UN Security Council on Saturday welcomed Libyan peace negotiations held in Geneva this week but warned the North African state it would consider sanctions against anyone undermining the country's security and stability.

The UN Security Council on Saturday welcomed a ceasefire announced by an Islamist-backed militia in Libya and threatened to impose sanctions on those who obstruct peace efforts.

Britain, the United States and France have proposed that Islamist extremist group Ansar al-Sharia in Libya be blacklisted under the United Nations al Qaeda sanctions regime, diplomats said on Tuesday, speaking on condition of anonymity.

The UN Security Council on Wednesday moved to impose sanctions on militias and their political supporters who are fueling Libya's escalating war.

Libya's crude production has partially recovered after it restarted output at the El Sharara field, while progress in nuclear talks between the major powers and Iran could soon ease sanctions that have curbed exports from the OPEC producer.

OPEC's oil output has fallen in June as Western sanctions have pushed Iran's supply to its lowest level.

OPEC is working hard to bring down oil prices that jumped towards $130 a barrel earlier this year, its secretary general said on Thursday, and is pumping much more than its official target even as exports from cartel-member Iran dwindle. Oil surged in March to $128 a barrel, the highest since 2008, as increased concern over the loss of Iranian oil ...

Col. Muammar el-Gaddafi's forces struck back at his opponents on three fronts on Monday, with Special Forces, regular army troops and, rebels said, fighter jets, in an escalation of hostilities that brought Libya a step closer to civil war. But the rebels dismissed the attacks as ineffectual, and Colonel Gaddafi faced a growing international campai...

International pressure on Moammar Gaddafi to end a crackdown on opponents escalated Monday as his loyalists fought rebels holding the two cities closest to the capital and his warplanes bombed an ammunition depot in the east. The U.S. moved naval and air forces closer to Libya and said all options were open, including patrols of the North African n...

Libya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

North Korea has resorted to a "massive increase" of illegal ship-to-ship transfers of oil products at sea to evade UN sanctions and enlisted a Syrian arms broker to sell weapons to Yemen and Libya, a UN report said Friday.

The United Nations has lifted sanctions imposed on an oil tanker owned by a Mumbai-based company which had breached them during a business operation in Libya last month, it was announced today.

The UN Security Council on Wednesday urged Libya's parties to sign an agreement to form a national unity government and threatened sanctions against those who stand in the way of a deal.

Libyan authorities are unable to halt the illicit trade in oil or the flow of weapons in and out of the country, and they need an international maritime force to help, United Nations sanctions monitors said in a new report.

The UN Security Council on Saturday welcomed Libyan peace negotiations held in Geneva this week but warned the North African state it would consider sanctions against anyone undermining the country's security and stability.

The UN Security Council on Saturday welcomed a ceasefire announced by an Islamist-backed militia in Libya and threatened to impose sanctions on those who obstruct peace efforts.

Britain, the United States and France have proposed that Islamist extremist group Ansar al-Sharia in Libya be blacklisted under the United Nations al Qaeda sanctions regime, diplomats said on Tuesday, speaking on condition of anonymity.

The UN Security Council on Wednesday moved to impose sanctions on militias and their political supporters who are fueling Libya's escalating war.

Libya's crude production has partially recovered after it restarted output at the El Sharara field, while progress in nuclear talks between the major powers and Iran could soon ease sanctions that have curbed exports from the OPEC producer.

OPEC's oil output has fallen in June as Western sanctions have pushed Iran's supply to its lowest level.

OPEC is working hard to bring down oil prices that jumped towards $130 a barrel earlier this year, its secretary general said on Thursday, and is pumping much more than its official target even as exports from cartel-member Iran dwindle. Oil surged in March to $128 a barrel, the highest since 2008, as increased concern over the loss of Iranian oil ...

Col. Muammar el-Gaddafi's forces struck back at his opponents on three fronts on Monday, with Special Forces, regular army troops and, rebels said, fighter jets, in an escalation of hostilities that brought Libya a step closer to civil war. But the rebels dismissed the attacks as ineffectual, and Colonel Gaddafi faced a growing international campai...

International pressure on Moammar Gaddafi to end a crackdown on opponents escalated Monday as his loyalists fought rebels holding the two cities closest to the capital and his warplanes bombed an ammunition depot in the east. The U.S. moved naval and air forces closer to Libya and said all options were open, including patrols of the North African n...