Reuters - Brent crude rose for a second day on Thursday to surpass $116 after forces loyal to Libyan leader Muammar Gaddafi bombed oil industry infrastructure, inflicting longer-term damage on the country's exporting capacity.
Reuters - Time Magazine's intelligence columnist reported on Tuesday that Libyan leader Muammar Gaddafi has ordered his security forces to sabotage the country's oil facilities, citing a source close to the government.
By Ghaith ShennibTRIPOLI (Reuters) - Libyan Prime Minister Ali Zeidan said on Friday the government was safe and security under control, dismissing a statement by a senior army official calling for the parliament to be suspended and the armed forces to "rescue" the country.
By Ulf Laessing and Feras BosalumTRIPOLI (Reuters) - More than 100 rockets fired in clashes between rival government-paid militia have knocked out a power plant in southern Libya, heightening the risk of summer blackouts, the electricity minister said on Tuesday.
Armed groups, demanding autonomy for eastern Libya, have invited foreign companies to buy oil from ports they have seized in defiance of the central government in Tripoli. As Reuters reports, "If a ship docks in one of the closed ports," warned Libya's defense ministry, "then we will destroy it," but the group, led by tribal leader and 2011 civil war hero Ibrahim Jathran, shrugged off Tripoli’s warning, stating "we welcome global oil companies ...
“Targeting oil infrastructure is the easiest way to have demands met,” says Amrita Sen, chief oil analyst at Energy Aspects.
Infrastructure… the Middle East… disrupted oil exports…
It’s all part of a larger story, one that’s been relegated to the back pages of the mainstream coverage.
I’m talking about Libya.
Kenya’s oil marketing company Oilibya says it has suspended payments to the Libyan government. The announcement comes in the wake of sanctions issued by U.S. President Barack Obama. The U.S. government is concerned that money from Libyan investments oversees has been used to fund the operations of Colonel Muammar Gaddafi against his country’s insurgents, the Nairobi Star reported.