Med Crude-Urals strengthen, Azeri weakens

Spot differentials for Russian Urals firmed further on Thursday on Czech demand and the end of Polish PKN maintenance, a large sour crude consumer, while Azeri Light showed weakness after a window offer received no bids.  Russian Urals was absent from the Platts window but Socar offered a cargo of Azeri Light down to dated […]

Libya Cuts Es Sider Crude Price for June to 85 Cents Premium

Libya’s state-run National Oil Corp. reduced its official selling price of benchmark Es Sider crude for June by 15 cents to a premium of 85 cents a barrel to Dated Brent, according to a price list obtained by Bloomberg News. Following is a table of prices of Libyan crude grades. The blends are priced in […]

Libya troops end protest at Agoco, secure offices

Libyan security forces have put an end to a protest that closed off the headquarters of the country’s biggest oil company for two weeks, securing the offices and arresting some demonstrators overnight, officials said on Wednesday.   Protesters had prevented employees from entering Agoco’s office since April 23, calling for more transparency over how Libya’s […]

Libya’s Belhadj quits military post for politics

Libyan Islamist commander Abdel Hakim Belhadj has resigned his military post in a bid to enter politics. Mr Belhadj, a key brigade leader in the 2011 toppling of Col Gaddafi, plans to run in elections next month. He is a former member of an Islamist insurgent group which sought to overthrow Gaddafi in the 1990s. […]

Election candidate murdered in south Libya

A candidate in the upcoming poll for a constituent assembly was murdered in Libya’s southern desert on Sunday shortly after submitting his registration, a security official said. “Khaled Abu Saleh was murdered 30 kilometres (22 miles) from Ubari,” in the south of Libya, Mohammed Saleh, deputy chairman of the High Security Commission, told AFP. “An […]

Azerbaijan Offers to Build Refinery, Filling Stations in Libya

Azerbaijan has proposed building an oil refinery and gasoline filling stations in Libya, the Azeri Foreign Ministry said in an e-mailed statement today. Azerbaijan could build the refinery on its own or with Libya, Azeri Ambassador Agasalim Shukurov said at a meeting with Abdulrahman Ben Yezza, Libya’s oil and gas minister, according to the statement. […]

Russia’s Tatneft unsure of return to Libya

Russian oil producer Tatneft said on Monday it was not sure whether it would be able to resume operations in Libya, more than a year after it left the country following the outbreak of a violent uprising, the company said in a statement. “The group has no confidence in whether it will be able to […]