Libya makes formal request for Turkish military support: official

Libya makes formal request for Turkish military support: official

TRIPOLI (Reuters) – Libya’s internationally recognized government has formally requested from Turkey “air, ground and sea” military support to fend off an offensive of eastern forces to take the capital Tripoli, a Tripoli official said on Thursday. Turkey’s President Tayyip Erdogan said earlier his country will send troops to Libya at the request of Tripoli …

Guyana to sell first three cargoes of Liza crude to Shell on Dated Brent basis

Guyana to sell first three cargoes of Liza crude to Shell on Dated Brent basis

Guyana’s share of Liza crude to be sold to Shell’s unit First lifting in February, all cargoes to be loaded by mid-2020 Houston — Guyana’s government will sell the first three cargoes of the new Liza crude produced offshore Guyana to a trading arm of Shell on a Dated Brent basis, the country’s Department of …

Oil prices tick higher after U.S. report shows 7.9 million drop in crude inventories

  Crude oil prices edged slightly higher on Thursday after the Christmas holiday, as a weekly inventory report indicated a bigger-than-expected decline in stockpiles for oil. American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 7.9 million barrels for the week ended Dec. 20, according to sources. That was more than analysts’ …

Saudi Arabia, Kuwait agree to resume oil output at shared fields

Saudi Arabia, Kuwait agree to resume oil output at shared fields

CAIRO (Bloomberg) – Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output. The agreement allows “the resumption of oil production from the joint fields,” the Saudi energy ministry said on Twitter. The oil fields at the so-called neutral zone can produce as much …

Iran militias revive Islamic State oil trade into Syria from Iraq: sources

Iran militias revive Islamic State oil trade into Syria from Iraq: sources

Militias also control some Syrian oil fields Illicit oil sales between 4,000 b/d and 10,000 b/d Trade highlights Iran’s entanglement in Iraq London — Iranian proxy militias are thought to be smuggling crude oil from western Iraq to Syria, picking up a lucrative business left behind by the Islamic State, according to witnesses and people …

Oil steadies as Russia touts easing OPEC+ output

NEW YORK (Reuters) – Oil prices were little changed on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial U.S.-China trade deal would be signed soon. Brent crude LCOc1 settled up 25 cents, or 0.4%, at $66.39 after a day …

Satellite photos show North Korea expanding factory linked to long-range missile production: report

Satellite photos show North Korea expanding factory linked to long-range missile production: report

Satellite images show that North Korea has expanded a facility linked to long-range nuclear missile production, according to an analysis given to NBC News.  A temporary structure that accommodates a launcher arm is seen in satellite photos from Planet Labs, NBC reported, citing Jeffrey Lewis, the director of the East Asia Nonproliferation Program at the …

Trump signs $1.4T in spending package, averts government shutdown

Trump signs $1.4T in spending package, averts government shutdown

Dec. 21 (UPI) — President Donald Trump signed a $1.4 trillion spending deal Friday, averting a government shutdown hours before a midnight deadline. Trump signed the fiscal year 2020 appropriations legislation into law while aboard Air Force One en route to Mar-a-Lago in Palm Beach, Fla., for the holidays, White House deputy press secretary Judd …