Oil rises for 5th session as stockpiles fall

(NEW YORK) – Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago. Brent crude futures LCOc1, the international benchmark for oil prices, were […]

Economic Report

Oil tops UN envoy’s meeting with LNA Chief

The United Nations envoy to Libya, Ghassan Salameh sought to persuade  Libyan National Army commander Khalifa Haftar to return the oil crescent region to the control of the National Accord Government of Prime Minister Fayez al-Sarraj. Salameh held talks with Haftar at his headquarters in al-Rajma outside of the eastern city of Benghazi,said a statement by […]


Libyan rivals agree to Dec. 10 elections

PARIS (AP) — Rival Libyan leaders meeting in Paris on Tuesday tentatively agreed on a roadmap leading to parliamentary and presidential elections on Dec. 10, but the plan faces major obstacles in the North African country, where rival authorities rely on an array of unruly militias. In an early sign of trouble, the Libyan leaders […]


Paris conference seeks political roadmap for lawless Libya

(Paris) – Libya’s rival leaders arrived in Paris on Tuesday for a meeting aimed at agreeing a political roadmap that would help restore order in the country, where lawlessness has fed Islamic militants, human trafficking and instability in the region. Representatives of twenty countries, including Libya’s neighbors, regional and European powers, the United States and […]