US Navy Seals boarded and took control of an oil tanker late on Sunday that had was seized earlier this month at a Libyan port by three armed men, the US Department of Defense said.
No one was hurt in the boarding operation, appro
ConocoPhillips became the first US major to buy Libyan oil following the end of international sanctions in a move to help the country restore normal oil trade after seven months of civil war.
Trading sources told Reuters that tanker Hellas
Italian oil and gas facilities in Libya were not damaged during the conflict and can restart as soon as security conditions permit, Italian Foreign Minister Franco Frattini told Italian radio on Friday. – Reuters
Opec's Gulf members are unlikely to reduce oil output in the early phases of a restart of Libyan supplies, because it is unclear how long a significant recovery will take, a delegate from a Gulf Opec country said on Wednesday.
The US State Department said on Tuesday it supported Qatar's efforts to market Libyan oil on behalf of rebels trying to oust Muammar Gaddafi and that it believed - but was unsure - the reported sale was a one-time deal.
It was not immediat
Oil prices fell around a dollar on Tuesday in a third day of declines as expectations mounted of a relatively swift restoration of supplies from Opec member Libya.
Opposition forces still faced Libyan leader Muammar Gaddafi's better ar