Oil prices rose on Wednesday after a sharp drop in U.S. crude inventories, with the market waiting for OPEC and its allies to decide on the easing of output curbs later in the day as the global economy slowly recovers from the COVID-19 pandemic. Brent crude futures were up 35 cents, or...

Forces loyal to a Libyan commander said they will only allow the reopening of oil fields and terminals once a mechanism has been set up to fairly distribute revenue across the country, which is split between rival, warring factions. Powerful tribes in eastern Libya loyal to Khalifa Hifter...

Long queues at gas stations around the country underscore Venezuela's continuing fuel shortages, despite Iran stepping in to help its Latin American ally with a major fuel shipment last month. "Iranian petrol is an illusion that has lasted a month," driver Nestor Hernandez told AFP in...

The United Arab Emirates wants to see a return of Libya's oil production as soon as possible but with safeguards in place to prevent proceeds from fuelling further conflict in the north African country, a senior Emirati official tweeted Monday. Libya has been divided since 2015 between...