Experts speculate that the country, with ithe biggest reserves in Africa, can return to normal production by the second quarter of next year.
Stocks bounced on Friday after France and Germany said a comprehensive euro zone debt deal was on its way, if a little late, although a weaker euro and rising bund futures suggested not everyone was convinced.
Timeline: Libya's civil war nears end
US stocks fell and the euro edged lower on Wednesday as a consequence of fading optimism about European leaders to make considerable advancement to resolve the euro zone debt crisis at their summit meeting this weekend.
An unexpected drop in U.S. petroleum reserves reported mid-morning Wednesday surprised financial markets, which had been anticipating a moderate drop. U.S. commercial crude oil inventories for the week ending Oct. 14 decreased by 4.7 million barrels, according to weekly U.S. Department of Energy report. Analysts had predicted a rise of 1.75 million barrels.
Gold could fall below $1,500 an ounce in the near term, as bullion has underperformed other assets and appears to have lost its safe-haven appeal, CitiFX said on Tuesday.
You can't blame investors for feeling a bit cautious regarding the Dow Jones Industrial Average's (DJIA) recent push from 10,700 to 11,140 in the past month. The stock market's bears say it's a false rally, and the Dow is likely to fall. Here's why.
President Jose Eduardo Dos Santos cut Angola's growth forecast for 2011 to 3.7 percent on Tuesday due mainly to lower crude production but the economy should bounce back with a 12 percent expansion next year.
The U.S. Senate unanimously approved a pipeline safety bill on Monday that would require strength-testing of old pipes and hike fines for safety violations after a series of accidents and explosions.
World stocks stumbled from the previous day's 1-1/2 month high on Tuesday and government bonds rose as slower-than-expected Chinese growth data and a warning on France's triple-A sovereign credit rating prompted investors to cut risks.
Angola will export around 1.69 million barrels per day (bpd) of crude oil in December, trade sources said on Monday, down sharply from 1.84 million bpd originally scheduled to load in November.
Nigeria's trade unions have warned President Goodluck Jonathan there could be civil unrest if the go-ahead is given to remove the fuel subsidy the government says will cost 1.2 trillion naira this year.
Gold fell nearly one percent and silver dropped three percent as precious metals followed the stocks down in a generally gloomy outlook for U.S. and European economies.
Oil slipped Thursday, with Brent crude snapping a six-day rally, after trade data from China pointed to slower demand in the world's second-largest oil consumer.
Shares were trading down on Thursday after an early rise met with resistance, a day after the BSE Sensex had climbed to its highest close in more than three weeks.
Steve Jobs represented a lot of things but innovation, capitalism, and the American Dream will resound as his legacy.
India's wholesale price index probably rose 9.70 percent in September from a year earlier, easing slightly from 9.78 percent in August, a Reuters poll showed.Forecasts from 25 economists ranged from 9.2 to 9.9 percent.
Stock index futures pointed to a higher opening for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.9 to 1 percent.
Gold will stay strong due to a lack of alternative havens for investors operating in a slowing global economy, top performing commodity fund managers told Reuters after taking a defensive approach and going into cash during September's gold sell off.
The Nigerian naira struck a new record low of 164.85 to the dollar in the interbank market on Thursday, pressured for a second day by the central bank's comments earlier this week that it would not support the currency at all costs.
Ghana is likely to miss its target of boosting oil production to 120,000 barrels per day by the end of the year due to technical challenges, the head of state oil company GNPC said on Thursday, marking a second delay.
Asian shares rose Thursday as optimism over Europe's efforts to aid the euro zone's financial sector and U.S. data suggesting the economy could avoid recession spurred short-covering and value-hunting.
