Reuters: Libya News

Med Crude-CPC hits two year low, Urals strengthen

Wed, 16 May 2012 18:03:06 +0000

LONDON, May 16 (Reuters) - Spot differentials for Kazakhstan's main export crude oil CPC Blend sank to a two-year low on Wednesday, due to depressed naphtha margins while Russian Urals continued to find strength in a tight Mediterranean market. In the Platts window, Gunvor bid for a 100,000 tonne Urals cargo loading June 1-5 up to dated Brent minus $1.45 cif Rotterdam, but no seller emerged. Also in the window, Eni sold an 80,000 tonne cargo of Kazakh CPC Blend to BP at dated Brent min

UPDATE 1-Several killed in Libya desert town clash

Wed, 16 May 2012 17:07:06 +0000

TRIPOLI, May 16 (Reuters) - At least seven people were killed in clashes between armed nomads and residents of a Libyan town on the border with Algeria on Wednesday, officials said, underlining the insecurity that still plagues the country one month before elections.

Italy Iran oil imports edge up, Libya top supplier

Wed, 16 May 2012 16:48:55 +0000

* Imports from Iran, Saudi Arabia, Russia up in March * Libya regains No.1 supplier role as imports jump in March * Imports from Iran in Q1 above year-ago period * Italy's Q1 total crude oil imports down 7.6 pct yr/yr MILAN, May 16 (Reuters) - Italy raised crude oil imports from Iran by about 6 percent in March from February ahead of the planned new sanctions against Tehran, while total crude import fell amid weak demand for refined oil products, according to oil industry body U

Syria's Assad warns France against "inciting chaos"

Wed, 16 May 2012 16:23:33 +0000

MOSCOW, May 16 (Reuters) - Syrian President Bashar al-Assad said in remarks broadcast on Wednesday he hoped France would change its policies in the Middle East and Arab world under President Francois Hollande, warning against "inciting chaos and crisis".

Nomads, locals clash in Libya desert town-officials

Wed, 16 May 2012 14:29:42 +0000

TRIPOLI, May 16 (Reuters) - Armed nomads clashed with residents of a Libyan town on the border with Algeria on Wednesday, officials said, underlining the insecurity that continues to plague the country one month before elections.

FEATURE-With state weak, Libyans look to God for help

Wed, 16 May 2012 14:00:01 +0000

ZLITAN, Libya, May 16 (Reuters) - Mohamed Salem believes it was divine intervention that saved the Muslim holy site where he works from being destroyed.

Cannes festival opens with quirky comedy and a camel

Wed, 16 May 2012 13:36:06 +0000

CANNES, France, May 16 (Reuters) - The Cannes film festival kicked off on Wednesday with quirky U.S. comedy "Moonrise Kingdom", Wes Anderson's exploration of childhood and young love centred around two 12-year-olds who fall in love and run away together.

Baron Cohen's Dictator storms Cannes, camel in tow

Wed, 16 May 2012 13:04:28 +0000

CANNES, France, May 16 (Reuters) - It took no less than a live camel strolling the promenade in Cannes to steal the show on the film festival's opening day, a feat that comedian Sacha Baron Cohen pulled off with chutzpah on Wednesday.

Italy police seize more Gaddafi family assets

Wed, 16 May 2012 11:54:02 +0000

MILAN, May 16 (Reuters) - Italy's financial police have seized a further 20 million euros' worth of properties belonging to the family of former Libyan leader Muammar Gaddafi, bringing the total value of confiscated Libyan assets in Italy to over 1.3 billion euros ($1.6 billion).

OPEC basket price rose to $108.70 on Tuesday

Wed, 16 May 2012 07:25:38 +0000

LONDON, May 16 (Reuters) - OPEC's reference crude oil basket price rose to $108.70 a barrel on Tuesday from $108.14 on Monday, OPEC said on Wednesday. http://www.opec.org/opec_web/en/press_room/923.htm The reference basket comprises 12 crudes: Algeria's Saharan Blend, Angola's Girassol, Iran Heavy, Iraq's Basra Light, Kuwait Export, Es Sider from Libya, Nigeria's Bonny Light, Qatar Marine, Saudi Arabia's Arab Light, Murban from the UAE, Venezuela's Merey and Oriente from Ecuador.