Prime Minister Fayez al-Sarraj called for international pressure to fully restore Libya’s oil exports, saying the port blockage by a commander seeking to unseat him shows he isn’t ready for peace.
Chevron Corp. and four oilfield service providers won U.S. government approval to continue working in Venezuela for 90 days, allowing the companies’ access to the world’s largest reserves of crude despite sanctions on the crisis-stricken country.
Libya’s National Oil Corp. declared force majeure for oil exports from five ports in territory controlled by eastern commander Khalifa Haftar, saying blockades by his forces will cut national oil output by more than half.
A timely intervention from Qatar’s sovereign wealth fund saved Lekoil Ltd. from a significantly larger loss in a fake loan scam, said a person familiar with the matter.
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