Tag: Lybia

• Tuesday, March 1st 2011 - 06:20 UTC

  Oil prices fall slightly Monday as Saudis confirm they are covering Libyan gap

  

  Oil prices fell on Monday in ‘choppy’ trading as expectations that increased production from Saudi Arabia can offset supply disruptions in the region allowed investors to pause after Libya's turmoil sent prices to two and half year peaks last week.

• Thursday, February 24th 2011 - 16:51 UTC

  Gadaffi on state TV by phone call blames Bin Laden for the protests

  

  Libyan leader Col Muammar Gaddafi has told state TV that Osama Bin Laden and his followers are to blame for the protests wracking his country.

• Thursday, February 24th 2011 - 00:16 UTC

  Airlines face “very serious challenge” because of soaring oil prices, says IATA

  

  Surging oil prices due to political turmoil in the Middle East spell “very, very big challenges” for airlines, said International Air Transport Association chief Giovanni Bisignani on Wednesday.

• Thursday, February 24th 2011 - 00:12 UTC

  Libya: Peru cuts links; Cuba, Venezuela support Gadaffi, blame “imperialist states”

  

  Peru announced it has suspended diplomatic relations with Libya over the use of force against civilians there. It is the first country to take such a step since the anti-government protests erupted in Libya last week.

• Wednesday, February 23rd 2011 - 07:02 UTC

  OPEC promises to compensate for any oil drop off by unrest in Middle East

  

  Trying to calm turbulent oil markets, Saudi Arabia's Oil Minister said on Tuesday that the Organisation of the Petroleum Exporting Countries (OPEC) was ready to pump more oil to compensate for any drop-off caused by unrest in the Middle East.

• Tuesday, February 22nd 2011 - 06:23 UTC

  Gaddafi denies he fled to Venezuela while cracks begin to appear in the regime

  

  Libyan leader Muammar Gaddafi appeared Monday on state television signalling his defiance in the face of a mounting revolt against his 41-year rule.