OIL prices could stay elevated, and some commodity experts do not rule out the possibility that crude benchmarks Brent and West Texas Intermediate (WTI) could hit US$80 and US$70 a barrel...

LIBYAN state security on Saturday threatened to shut down production at the giant El Sharara oilfield but the field remains open, state oil firm NOC said, denouncing what it called an "...

LIBYA, one of the most volatile and politically fragmented oil producers, expects to pump as much crude by the end of next year as it did before the 2011 revolt against former strongman Muammar...