Authorities announced hundreds of Libyan refugees dead in cross-Mediterranean escape.
The Libyan government said it will send a representative to the next OPEC meeting in Vienna on June 8, following the recent defection of the country’s former oil minister, Shokri Ghanem.
OPEC could next week agree its first formal increase in supply targets since 2007 when it meets to hammer out its response to Arab world turmoil, extreme market volatility and pressure from the West for action.
At least one person was wounded when a blast hit a hotel used by rebels and foreigners in Libya's rebel-controlled eastern city of Benghazi on Wednesday, a Reuters report said.
The government of Libya claim that NATO air strikes on the country have killed more than 700 civilians and injured more than 4000 since the campaign commenced in March.
United States secretary of state Hillary Clinton will attend an international meeting next week to talk about the situation in Libya, as NATO seeks to accelerate the campaign to end his rule.
Parts of war-torn Libya controlled by Moammar Gaddafi are running out of food and medicine, according to the United Nations humanitarian coordinator for the country.
Goldman Sachs invested more than $1.3 billion from Libya's sovereign-wealth fund in currency bets and other trades in 2008 and the investment lost more than 98 percent of its value, the Wall Street Journal reported, citing internal Goldman documents.
Talks between South Africa’s President Jacob Zuma and Libya’s Col. Muammar Gaddafi ended on Monday without a sign of peace.
Libyan leader Muammar Gaddafi finally agreed to a ceasefire call in talks with South African President Jacob Zuma.
Protesters in Tripoli are on the rise, said activists, since a video on the Internet on Monday showed hundreds of angry funeral mourners shouting slogans against the Libya’s Muammar Gaddafi.
Army general Martin Dempsey, a warrior-scholar who commanded troops in the Iraq war, was nominated as the top U.S. military officer by President Barack Obama on Monday.
Brent crude oil fell below $115 a barrel on Monday, heading for its first monthly decline this year, as investors weighed the prospect that Europe's debt crisis and a sputtering U.S. economy may slow demand.
In a sign of eroding support for besieged Libyan leader Muammar Gaddafi, eight generals and about 100 soldiers defected from the Libyan army and fled to Italy
Oil prices, which have risen by as much as 20 percent this year due to fears of supply disruption caused by Middle Eastern and North African unrest; appear to be stabilizing in recent weeks.
Saudi Prince Al-Waleed bin Talal said on Sunday that he wants lower oil prices so that Western countries don't have the incentive to find alternatives.
In a desperate attempt to find a diplomatic solution to the brutal civil war in Libya, the president of South Africa, Jacob Zuma, has arrived in Tripoli for talks with Moammar Gaddafi.
NATO Secretary-General Anders Fogh Rasmussen said on Monday NATO's military campaign in Libya is progressing and Muammar Gaddafi’s is sure to go, a Reuters report said.
Why would Saudi Arabia wish good luck to Yemen President Ali Abdullah Saleh who is facing the wrath of anti-government protesters? Especially when the president is having a tough time trying to contain the number of his defecting military chiefs?
Former French foreign minister Roland Dumas, who visited Libya as lawyer to prepare a legal case on behalf of victims of NATO bombing, said he was prepared to defend leader Muammar Gaddafi if he is sent to The Hague, Reuters reported.
A NATO aircraft destroyed guard towers at Muammar Gaddafi's compound in Tripoli , and later staged a rare daytime air strike on the Libyan capital, stepping up pressure on him to quit, a NATO official said, reported Reuters on Saturday.
In a surprise move, Russia took the side of Britain and France over Libya for the first time yesterday, calling for the Middle-East despot to leave office.
