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Libyan Crude Exports Rose Sharply Last Week

A general view shows Libya's Sharara oilfield. (File photo: Reuters)
A general view shows Libya's Sharara oilfield. (File photo: Reuters)
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Libyan Crude Exports Rose Sharply Last Week

A general view shows Libya's Sharara oilfield. (File photo: Reuters)
A general view shows Libya's Sharara oilfield. (File photo: Reuters)

Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according to data from analytics firm Kpler and a shipping agent, Reuters reported.

Tankers carrying crude including Flavin, Pacific Pearl, Ghibli, and Delta Atlantica set sail to European destinations from various Libyan ports in the week starting Sept. 9, the data show.

This comes as the OPEC producer remains in the throes of a political stand-off that has hampered its oil production.

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Scholz: EU Ready to Respond to US on Trade Tariffs

30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa
30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa
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Scholz: EU Ready to Respond to US on Trade Tariffs

30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa
30 March 2025, Lower Saxony, Hanover: Acting German Chancellor Olaf Scholz speaks at the opening ceremony of the Hannover Messe 2025 industrial trade fair at the Hannover Congress Centrum HCC. Photo: Michael Matthey/dpa

Europe wants to cooperate with the United States but the EU is ready to respond as one if Washington leaves it no choice by imposing tariffs on steel and aluminium, German Chancellor Olaf Scholz said on Sunday.
Speaking at the opening of the Hanover industrial trade fair which this year has Canada as its partner country, Scholz also insisted that Canada is an independent country.
US President Donald Trump has mused about annexing Canada and referred to the country as the 51st US state.
"We stand by your side!" Scholz said, adding: "Canada is not a state that belongs to anyone else. Canada is a proud, independent nation."
Addressing Trump's plans to introduce tariffs, Scholz said his answer to "my country first" policies was more free trade, greater competitiveness and more technological sovereignty.
Scholz argued that Europe was not naive but also not weak, and said trade wars hurt all sides, Reuters reported.
"So I say to the United States: Europe's goal remains cooperation. But if the US leaves us no choice, such as with the tariffs on steel and aluminium, we as the EU will react as one".