Libya

In a compassionate response to the recent flooding disaster in Libya, crypto exchange Binance announced on Tuesday an airdrop of its (CRYPTO: BNB) tokens worth up to $500,000 to support affected residents. Each Binance user in Libya who has completed the Proof of Address (POA) will receive a...

A federal judge has broadened the definition of a “close relative” in President Donald Trump’s executive order meant to ban people from traveling to the United States from six predominantly Muslim nations. Last month, the U.S. Supreme Court said it would take up the ban when it...

OPEC members teamed up with other energy giants like Russia to collectively lower their output in 2016 to help support oil prices. The agreement was extended in June of 2017, but now there is ample evidence to suggest the deal is falling apart. Countries including Libya and Nigeria were exempt from...

The Organization of the Petroleum Exporting Countries extended a 2016 agreement which calls on most of its members and several non-members to collectively lower their oil output to help support oil prices. One week later, the price of oil is flirting with a multiweek low — causing some...

The price of oil was under pressure Monday but hovered near the $50 per barrel mark after Libya's largest oil field came back online after a week-long disruption. Oil investors have been debated recently what impact the oilfield would have on the global market but that conversation has now come to...

Global markets have remained relatively stable in the aftermath of the Paris attacks. Citi believes that the lasting market impacts from the attack could stem from a ramp-up in anti-terrorist military action. Furthermore, Citi believes that commodity prices could also be negatively affected by the...

According to Reuters, the Libyan Government will seize any tanker that attempts to enter its Ra's Lanuf port. Battling parties for government power in Libya had been responsible for the closure of the port. Marine traffic shows some fishing, tanker, and livestock vessels in ports in Libya but...

Brent crude oil nearly fell below $94 on Thursday morning as investors continued to worry about growing supplies and a waning global economy. The commodity traded at $94.08 at 6:28 GMT with the outcome of the European Central Bank’s policy meeting in focus.  Weak data from the...

Brent crude oil looked poised to post a weekly loss on Friday as it continued to struggle under the weight of oversupply and an ailing global economy. The commodity traded at $96.82 at 8:10 GMT as output from around the world continued to increase. Libya’s oil exports have been on the...

After starting the day higher, equity markets slowly sold off. Trading continues to be characterized by low volume and volatility. Just 397 million shares traded in S&P 500 companies, compared to the 30 session average of 429 million. Major Averages The Dow Jones Industrial Average rose...

Brent crude oil continued to founder after prices fell 5.6 percent in July, the biggest monthly loss since April 2013. The commodity traded at $106.04 at 6:50 GMT as views that the market is over-supplied outweighed geopolitical tension around the world. Most analysts don’t see global...

Brent crude oil was steady above $107 as investors kept an eye on global instabilities, but relaxed their worries about a supply interruptions, as the market appears to have a glut of crude. The commodity traded at $107.61 at 7:30 GMT with the conflicts in Gaza and Libya in focus. In Libya,...

Brent crude oil declined on Monday as tension in Gaza cooled off following a difficult  to achieve humanitarian agreement between Hamas and Israeli forces. The commodity traded at $107.96 at 6:15 GMT, with most expecting to see prices rise again if fighting on the Gaza strip restarts....

Brent crude oil prices were up toward $107 on Tuesday morning as renewed supply worries in the Middle East, Africa and Europe supported prices. The commodity traded at $106.75 at 5:20 GMT as violence in some of OPEC’s largest suppliers reignited concerns about a supply interruption....