The Rebels entered tonight to Tripoli, Libya the last major hold of Gaddafi. They have conquered most of Tripoli and currently there are fights near Gaddafi’s palace. According to the reports Gaddafi is still in Libya and didn’t exist to…
Tag: Libyan turmoil
Oil prices forecast – 23 March
Oil prices forecast – 22 March
Oil prices forecast – 21 March
The attack of the allied forces in Libya on Qaddafi’s facilities had begun and the oil market is already reacting with oil price rises. Let’s review the main news items that are related to the oil market and might affect…
France & Italy have entered Libyan air to enforce no-fly zone
Following the UN decision a couple of days ago to get involved in the Libyan turmoil, three countries: UK, France and Canada are preparing to enter Libya and stop Qaddafi’s air assault on the rebels. There are reports in Alarabiya…
UN Security Council decided to take military action against Qaddafi
As the Libyan turmoil progresses, yesterday March 16th the UN has decided to take action and impose a no-fly zone in Libya, due to the recent assault made by Qaddafi’s warplanes on the rebels. This decision is only one of…
Oil prices outlook– 11 March
Today is probably one of the intense news days in recent history as there are many important news items that are affecting different part of the globe including a tsunami in Japan, Libyan turmoil and Day of rage in Saudi…
Libya’s oil port runs out of oil stocks
There is a report in Asiaone News that in Brega – Libya’s oil port there is no more crude oil stocks, due to the national turmoil in the county. On a related news, there are reports that OPEC has risen its oil…
Oil prices outlook – 10 March
Let’s review the main news items that are related to the oil market and might affect crude oil price: Libya Turmoil update Qaddafi continues the air strikes and targets not only the rebels’ hubs, but also oil facilities along…
Libya’s turmoil cause its largest oil refinery to shut down
According to a recent report by Bloomberg, Libya’s largest refinery – Ras Lanuf, has been shut down due to the fights between the rebels and Qaddafi’s army. Currently there were no reports of any damage, however if there will be…