World oil prices fell in Asian trade Thursday as investors continued to lock in profits from recent gains and Libyan rebels exported the country's first crude shipment from a region that they control, analysts said.
New York's main contract, light sweet crude for May, pulled back 39 cents to $108.44 per barrel after crossing $109 for the first time in two-and-a-half years in U.S. trade Wednesday.Full Story
The international contact group on Libya will meet on April 13 in the Qatari capital Doha, French Foreign Minister Alain Juppe said on Thursday.
France is trying "to convince the African Union to be present in Qatar next week because that's where the contact group is to meet on April 13," Juppe told lawmakers.Full Story
NATO, accused of mission failure by Libyan rebels, admitted Wednesday it has to be "particularly careful" with its air strikes as government troops are using civilians as human shields, but vowed to do everything to protect civilians in Misrata.
France pledged to open a sea corridor to the besieged Mediterranean port and rebels played down losing considerable ground to government forces as just the usual stakes in desert warfare.Full Story
Libyan leader Moammar Gadhafi on Wednesday sent a message to U.S. President Barack Obama, following the withdrawal of American warplanes from Libya, the official Libyan news agency JANA said.
"The leader of the revolution (Gadhafi) sent on Wednesday a message to U.S. President Barack Obama after the United States withdrew from the aggressive, colonialist coalition crusading against Libya," said the agency without specifying the contents of the message.Full Story
Scores of people were missing at sea on Wednesday after a tiny boat carrying more than 200 African migrants fleeing Libya capsized in the night amid three-meter-high waves, officials said.
Coast guard spokesman Vittorio Alessandro told Agence France Presse from the southern Italian island of Lampedusa that 48 survivors had been rescued and a helicopter crew aiding the high-seas rescue operation had spotted some 20 bodies near the boat.Full Story
Libya's government said Tuesday it is ready to negotiate reforms but only provided Moammar Gadhafi is not forced out, as loyalist troops pushed rebel fighters back from the key oil port of Brega.
NATO-led air strikes have destroyed 30 percent of the regime's military capacity since the U.N.-backed bombing campaign started on March 19, an alliance commander said, even as the rebels suffered their first significant loss of territory in almost a week.Full Story
The European Union said Tuesday that the sale of Libyan oil is fair game as long as Western pariah leader Moammer Gadhafi does not profit from exports.
"If revenues don't reach the Gadhafi regime, then we have no issue with commercial dealings in Libyan oil and gas and they should be regulated by normal trade practices," said Michael Mann, spokesman for the European Union's chief diplomat, English baroness Catherine Ashton.Full Story
The oil town of Brega saw heavy fighting on Sunday as rebel forces advanced only to fall back again after being ambushed by forces loyal to Moammar Gadhafi, who was hit by another defection.
Former foreign minister and U.N. General Assembly president Ali Treiki became the latest official to abandon Gadhafi, after the flight to Britain of foreign minister and regime stalwart Moussa Koussa earlier in the week.Full Story
A coalition air raid late on Friday killed 13 people, four of them civilians, some 15 kilometers (10 miles) east of the battleground Libyan oil town of Brega, a rebel civilian official told Agence France Presse.
The four civilians comprised an ambulance driver and three medical students from the second city of Benghazi, who were part of a rebel convoy of five or six vehicles, said Issa Khamis, liaison officer for the rebels' transitional government in the town of Ajdabiya, east of Brega.Full Story
Libyan leader Moammar Gadhafi warned on Thursday that the West has started something in Libya which it cannot control, the state news agency JANA reported.
"They have started something dangerous, something they cannot control. It will be out of their control no matter what methods of destruction they have at their disposal," Gadhafi said.Full Story