Libya

Seafarers' body Maritime Union Of India (MUI) on Wednesday said it has helped an Indian seafarer return from Libya where he was stuck at a port after the owners ceased operations of the vessel.

Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.

Libya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests

India has said it is regrettable that there is still no agreement on the Constitutional basis for holding elections in Libya, saying that the priority right now is to ensure that elections are held at the earliest.

Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports.

Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade.

Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.

Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

Crude oil prices fell on Tuesday by nearly $1 per barrel as the dollar strengthened to a two-year high, even as supply concerns remain after Libya shut its oil fields due to political protests.

Brent crude futures rose to $113.77 a barrel on Tuesday morning, while U.S. West Texas Intermediate (WTI) crude futures gained 33 cents to $108.54 a barrel.

Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.

Nearly 100 people have died in international waters after setting off from Libya in an overcrowded boat, international organisations said.

Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.

Libya's election commission said on Wednesday that Saif al-Islam Gaddafi, the son of the former ruler and a major candidate in December's planned presidential election, was ineligible to run, compounding the turmoil surrounding the vote.

Seafarers' body Maritime Union Of India (MUI) on Wednesday said it has helped an Indian seafarer return from Libya where he was stuck at a port after the owners ceased operations of the vessel.

Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.

Libya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests

India has said it is regrettable that there is still no agreement on the Constitutional basis for holding elections in Libya, saying that the priority right now is to ensure that elections are held at the earliest.

Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports.

Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade.

Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.

Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.

The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.

Crude oil prices fell on Tuesday by nearly $1 per barrel as the dollar strengthened to a two-year high, even as supply concerns remain after Libya shut its oil fields due to political protests.

Brent crude futures rose to $113.77 a barrel on Tuesday morning, while U.S. West Texas Intermediate (WTI) crude futures gained 33 cents to $108.54 a barrel.

Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.

Nearly 100 people have died in international waters after setting off from Libya in an overcrowded boat, international organisations said.

Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.

Libya's election commission said on Wednesday that Saif al-Islam Gaddafi, the son of the former ruler and a major candidate in December's planned presidential election, was ineligible to run, compounding the turmoil surrounding the vote.