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CAIRO/BENGHAZI, Libya (Reuters) - Libya's combatants are readying for a long conflict, as foreign weapons flood in, eastern factions close oil ports and rival alliances wrangle over revenues from Africa's largest petroleum reserves.
TRIPOLI (Reuters) - Libya will face a financial crisis and a budget deficit in 2020 because of a blockade of oil terminals and oil fields by groups loyal to eastern-based commander Khalifa Haftar, the head of Libya's internationally recognised government said on Saturday.
MUNICH (Reuters) - Iran and Saudi Arabia appeared no closer to bridging their differences on Saturday with both sides sticking to their positions and regional facilitator Oman seeing no breakthrough before U.S. elections in November.
DAVOS, Switzerland (Reuters) - Iranian foreign minister Javad Zarif skipped this year's Davos, but Tehran was still a hot topic for many Western and Middle Eastern powers hoping for detente less than three weeks after the United States killed Iran's top general.
WASHINGTON (Reuters) - The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in Dubai for helping Iran's state-owned National Iranian Oil Company (NIOC) export millions of dollars of goods in violation of U.S. sanctions.
NEW YORK: Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.
BERLIN (Reuters) - Foreign powers agreed at a summit in Berlin on Sunday to shore up a shaky truce in Libya, but the meeting was overshadowed by blockades of oilfields by forces loyal to commander Khalifa Haftar that could cripple the country's crude production.
DAHRAN (Reuters) - Saudi Arabia's Energy Minister said the kingdom has taken all precautions to ensure the safety of oil facilities after recent strikes in Iraq.
SINGAPORE (Bloomberg) -- Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the US and Iran abated, allaying fears of disruption to Middle East energy supplies.