Royal Dutch Shell has provisionally booked a tanker to load crude cargo at Libya’s Zueitina terminal on October 3, potentially the first since January at the recently reopened port.
His assault on Libya’s capital has collapsed. Foreign powers have tried to sideline him. But military commander Khalifa Haftar still sits astride oil terminals, with enough fire power and political sway to thwart any plans for peace.
Oil edged up to around $42 a barrel on Wednesday, supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains.
Eastern Libyan commander Khalifa Haftar said on Friday his forces would let oil production resume after an eight-month blockade and a senior politician in Tripoli said a committee would be formed to ensure fair distribution of revenues.
French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas (LNG) project being developed in the southern African country, the company said on Monday.