Oil gushed back up past $70 a barrel to its highest level this year on Monday as fresh fighting in Libya reignited fears of civil war in the north African nation.
Brent crude hit $70.80 a barrel on Monday morning as Libya’s eastern military leader, General Khalifa Haftar, ordered his forces to march into Tripoli.
The move triggered fears in the oil market that civil war could wipe out oil exports from Libya, which produced about 1.1 million barrels of oil a day last month.
Saxo Bank’s head of commodities, Ole Hansen, said: “While its oil fields are located far from Tripoli it nevertheless raises the temperature a few more notches.”
via The Guardian CNBC The Telegraph
A European Commission spokesperson confirmed that seawater tests show Malta continues to breach EU sewage treatment rules, following a petition to the European Parliament organised by Fl...
Updated 1200
Malta Eyes Wealthy Gulf Exiles as War Fallout Sparks Political Divide: Finance Minister Clyde Caruana said Malta could benefit economically by attracting wealthy individu...
Updated 1200
Malta Eyes Wealthy Gulf Exiles as War Fallout Sparks Political Divide: Finance Minister Clyde Caruana said Malta could benefit economically by attracting wealthy individu...
Updated 1210
Tech Prices Set to Surge as Iran Conflict and AI Boom Disrupt Supply Chains: Electronics retailers in Malta are bracing for price hikes as the Iran conflict drives up shi...
European Commission President Ursula von der Leyen told the European Parliament today that in just ten days of conflict in the Middle East, fossil fuel imports have cost the EU an additi...
The Socialists and Democrats (S&D) Group in the European Parliament has demanded urgent clarification from the European Commission over its participation in the first meeting of the ...
Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply chain disruptio...
State-controlled postal and financial services giant Poste Italiane announced on Sunday a €10.8 billion cash and share bid to take over Italian telecommunications group TIM.
Already t...
Vivian continues to widen its portfolio with the announcement of new representation agreements with worldwide R&D pharmaceutical companies. “These latest agreements crown a very succ...
Two local analysts have cautioned that any attempt by EU Member States to block or restrict the passporting of crypto-asset service providers (CASPs) authorised under the Markets in...
Malta Public Transport will be operating a series of extra trips and direct bus services towa-rds and back from Ta’ Qali on Thursday 26th March 2026 for the highly anticipated Nations Le...
Malta’s financial services sector is projected to contribute between €4.8 billion and €5.3 billion to the country’s GDP by 2035. However, the sector is also facing the critical challenge...
Oil markets moved sharply higher on Monday as the International Energy Agency (IEA) warned the unfolding Middle East crisis is “very severe,” with disruption risks exceeding those seen d...
U.S. President Donald Trump and Iran threatened to escalate their war, targeting energy and fuel facilities in the Gulf, which could again roil global energy and financial markets and d...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine has deployed military units to protect critical and civilian infrastructure against drones in five Middle Eastern countries, Ukraine's security council secretary Rustem Umerov ...
Russia is expending air defense missiles faster than it can produce them, forcing the Kremlin to prioritize which strategic targets to defend, according to Gert Kaju, head of the Defense...
