Libya's state-run National Oil Corp (NOC) said that export activity was running normally after it held talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday.
Libya resumed loading oil from two key eastern ports — which account for a third of its exports — after they were halted for a day by protesters.
Oil prices edged higher but remained near a two-week low on Tuesday, as weak economic data from China and rising temperatures elsewhere dampened demand prospects. Supporting prices was a disruption of oil loading operations in Libya.
Oil loadings from two key Libyan ports are being brought to a standstill as protests hinder about a third of the OPEC member’s crude exports, a reminder of global supply risks from ongoing tensions in the North African country.
Libya resumed loading oil from two eastern ports that account for a third of its exports after they were halted for a day by protesters.
Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told Reuters on Saturday, adding that a new license bidding round is expected to be approved by the cabinet before the end of January.
Oil prices stabilized after a brief jump due to a threat to Libyan oil exports, but uncertainty remains due to potential US tariffs on Canada and Mexico.
Hanaa, a Sudanese woman who works gathering plastic bottles from bins to feed her children, says she was abducted in western Libya and taken to a forest and raped at gunpoint by a group of men. The next day her attackers took her to a facility run by the state-funded Stability Support Authority (SSA). Nobody told Hanaa why she had been detained.
With Turkey and Russia both competing for influence in Libya, the Trump administration could explore opportunities to strengthen energy security and encourage Tripoli to join the Abraham Accords.
Human Rights Watch (HRW) reported on Monday that Libyan authorities have used a 'litany of overbroad and draconian legacy laws' to suppress civil rights activists and organizations. The group said
Libya deported more than 600 men from Niger last month as North African countries — financed by the European Union to tackle migration — have ramped up expulsions of sub-Saharan Africans.
Saudi Energy Minister Prince Abdulaziz bin Salman held talks on Monday with his Iraqi and Libyan counterparts, Hayan Abdel-Ghani and Khalifa Abdulsadek, in Riyadh on efforts to support the stability of global energy markets,