The Latest Breaking News from Libya

The chauffeur-driven vehicle carrying Abd al-Rahman al-Milad, 34, was hit by a barrage of heavy gunfire, intelligence source said

Abd al-Rahman Milad was member of Libyan coastguard also considered to be the leader of a criminal organisation

Oct WTI crude oil (CLV24 ) today is closed up +2.28 (+3.05%), and Oct RBOB gasoline (RBV24 ) is up +3.48 (+1.65%). Crude oil and gasoline prices today rallied sharply to 1-week highs. Oil prices are higher on concern that an escalation of conflict in the Middle East disrupt oil...

UN official warns of escalating crisis in Libya due to political fragmentation and unilateral actions, urging renewed political talks for stability.

The top U.N. official in Libya is warning that the political, military and security situation in the oil-rich north African country has deteriorated “quite rapidly” and without renewed political talks leading to a unified government and elections there will be greater instability

One of Libya’s dueling authorities unilaterally fired the powerful central bank governor in an abrupt move that is likely to inflame tensions in the divided North African country

South African prosecutors have withdrawn immigration-related charges against 95 Libyan nationals who were arrested last month at what police called an illegal military training camp in the northern Mpumalanga province

Libyan officials say clashes between two heavily armed militia groups in the country’s capital terrorized residents and killed about a dozen people, the latest bout of violence in the largely lawless North African nation

Sep WTI crude oil (CLU24 ) Tuesday closed up +0.26 (+0.36%), and Sep RBOB gasoline (RBU24 ) closed down -0.74 (-0.32%). Crude oil and gasoline prices Tuesday settled mixed. Tuesday's rebound in US equity markets sparked risk-on sentiment that boosted most asset markets. Also, reduced oil supplies from Libya are...