Libya, Nigeria may attend OPEC, non-OPEC July meeting
ISTANBUL/LONDON Libyan and Nigerian officials may attend a joint meeting between OPEC and non-OPEC nations later this month as oil producers look for ways to cap rising production to help support oil prices.
Both countries have boosted production since they were exempted from an OPEC-led deal to cut output, weighing on global prices LCOc1. This has prompted more talk among producers about including them in the pact.
"We have spoken to (OPEC Secretary General Mohammad) Barkindo and in the next two weeks there will be conversations with them (Libya and Nigeria) and possibly we will invite them to the technical summit," Russian Energy Minister Alexander Novak told reporters on the sidelines of an industry conference in Istanbul.
Six ministers from OPEC and non-OPEC nations including Kuwait, Venezuela, Algeria, Saudi Arabia, Russia and Oman will meet on July 24 in St Petersburg, Russia, to discuss the current situation in the oil market.
Nigeria's oil minister, Emmanuel Ibe Kachikwu, was invited to the meeting but is unable to attend due to another commitment, Kuwaiti Oil Minister Essam al-Marzouq told reporters at the same Istanbul event.
Instead, the group will probably ask a technical committee involving the six OPEC and non-OPEC members, which is due to convene before the ministers hold their talks, to meet Nigerian and Libyan representatives to discuss their production plans, he said.
"We extended the invitation but unfortunately there is a previous commitment for the Nigerian oil minister," the minister said. "We did not talk about capping, at least we can talk about production plans right now," he added.
The monitoring panel, called the Joint Ministerial Monitoring Committee which Kuwait chairs, could recommend expanding the pact to the wider group, which holds its next meeting in November.
Both Nigeria and Libya were given exemptions to the supply cut, under which OPEC, Russia and other non-OPEC producers are reducing their output by about 1.8 million barrels per day because their output has been curbed by conflict.
OPEC delegates have said bringing Nigeria or Libya into the production pact would likely focus on capping their output, rather than asking them to cut their supply so soon after it had recovered from involuntary curbs.
Kachikwu has said that Nigeria was not opposed in principle to joining OPEC's production cap, but would have to wait and see if production returned to acceptable levels.
OPEC has not been in touch with Libya on the issue of capping the country's output, an OPEC delegate said. The Libyan government has not received an invitation to attend the ministerial meeting in Russia, he added.
In comments to Reuters on Monday, the head of Libya's National Oil Corporation did not indicate any willingness to cap output yet, saying Libya's humanitarian problems must be considered in any talks on the subject.
NOC Chairman Mustafa Sanalla added Libya could assist with efforts to stabilize the market by informing OPEC about its plans to restore production.
(Additional reporting by Ahmad Ghaddar in London; editing by Louise Heavens and David Evans)
WASHINGTON President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen next year for a second term, and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the process.
A day ahead of Federal Reserve Chair Janet Yellen's testimony to Congress on the state of the U.S. economy, two of her colleagues cited low wage growth and muted inflation as reasons for caution on further interest rate increases.
Read more here:
Libya, Nigeria may attend OPEC, non-OPEC July meeting
- Ousting Russia: Libya Urges US to Help Replace Kremlin Oil With African Crude - UNITED24 Media - November 24th, 2025 [November 24th, 2025]
- Libya reports major onshore oil find expected to reshape regional energy dynamics - Energies Media - November 24th, 2025 [November 24th, 2025]
- Libya Has a Deal for Trump That Could Reshape Africa and Europe - Newsweek - November 24th, 2025 [November 24th, 2025]
- Oil majors plot Libya return in first oil auction in 18 years - Quantum Commodity Intelligence - November 24th, 2025 [November 24th, 2025]
- Serious interest from American companies in returning to the Libyan market confirms their confidence in the path of reform and stability - Libya... - November 24th, 2025 [November 24th, 2025]
- A high-level Libyan delegation and U.S. officials from Congress, the administration, and think tanks hold roundtable discussion in DC - Libya Herald - November 24th, 2025 [November 24th, 2025]
- Turkiye expands its African sphere of influence with bold Libya shift - AzerNews - November 24th, 2025 [November 24th, 2025]
- Tripoli government delegation meets Eric Meyer, Assistant Secretary of the Treasury for the Middle East and Africa, to discuss economic and financial... - November 24th, 2025 [November 24th, 2025]
- Al-Koni discusses UN support for Libyas political process in talks with Tetteh and Salam - The Libya Observer - November 24th, 2025 [November 24th, 2025]
- State-sanctioned fuel smuggling cost Libya $20bn over three years report - The Guardian - November 14th, 2025 [November 14th, 2025]
- Libya Ships First-Ever Cargo From Long-Stalled Chadar Oil Field - Crude Oil Prices Today | OilPrice.com - November 14th, 2025 [November 14th, 2025]
- Buraq Air takes delivery of the first registered Embraer E190 in Libya - Air Data News - November 14th, 2025 [November 14th, 2025]
- Buraq Air to receive its new Embraer 190 the first in Libya - Libya Herald - November 14th, 2025 [November 14th, 2025]
- In Libya there is a place for all - The Arab Weekly - November 14th, 2025 [November 14th, 2025]
- Two former National Investment Company executives detained for misappropriation of LD 55.6 million of public funds - Libya Herald - November 14th, 2025 [November 14th, 2025]
- Spotlight Libya From Tripolitania to Cyrenaica, Beijing is finally back in business - Africa Intelligence - November 14th, 2025 [November 14th, 2025]
- At least 42 migrants presumed dead after boat capsizes off coast of Libya - The Independent - November 14th, 2025 [November 14th, 2025]
- Libya: The Strange Case of Hannibal Gaddafi: From Exile to Detention to Release - The North Africa Journal - November 14th, 2025 [November 14th, 2025]
- Migrants beg east Libya coastguard to continue to Europe - Sky News - November 14th, 2025 [November 14th, 2025]
- Libya, Legitimacy, And The Institution Above Politics OpEd - Eurasia Review - November 11th, 2025 [November 11th, 2025]
- Libya Is Becoming the Worlds Crime Capital America Cant Afford to Look Away - Middle East Forum - November 11th, 2025 [November 11th, 2025]
- The Hosni Mubarak Era: Egypt, Libya, and the Crisis of Arab Leadership - horn review - November 11th, 2025 [November 11th, 2025]
- Thailand Joins Saudi Arabia, Iran, Libya, Kuwait, India in Alcohol Ban: Uncover the Shocking Reasons Behind the Nations Draconian Measures! - Travel... - November 11th, 2025 [November 11th, 2025]
- CBL comes in for more criticism from Grand Mufti accuses it of usury - Libya Herald - November 11th, 2025 [November 11th, 2025]
- International report: Eritrean tried in the Netherlands on charges of torture and extortion of migrants in Libya - libyaupdate.com - November 11th, 2025 [November 11th, 2025]
- Turkey alarmed by Greeces deals with the US Erdoan looking for a lifeline in Libya and Syria - Greek City Times - November 11th, 2025 [November 11th, 2025]
- Khaled Fawzy, General Manager of Fortinet Egypt, Libya, and Sudan Fortinet Raises the Bar for Intelligent Protection at Cairo ICT 2025 with AI-Powered... - November 11th, 2025 [November 11th, 2025]
- Libyas Transport Minister discusses resuming UK flights with British ambassador - The Libya Observer - November 11th, 2025 [November 11th, 2025]
- Jumhuriya Bank employees imprisoned and fined for embezzling 8.256 million dinars from bank's funds - Libya Herald - November 11th, 2025 [November 11th, 2025]
- Libya: Impunity for crimes against journalists must end - ARTICLE 19 - Defending freedom of expression and information. - November 7th, 2025 [November 7th, 2025]
- Reports suggest Libya intends to boost oil production, according to commodity analyst Carsten Fritsch from Commerzbank - VT Markets - November 7th, 2025 [November 7th, 2025]
- Libya Pact, Border Deaths And The Moral Failure Of Fortress Europe - Worldcrunch - November 7th, 2025 [November 7th, 2025]
- Libya Is Becoming the Worlds Crime Capital America Cant Afford to Look Away - The Times of Israel - November 7th, 2025 [November 7th, 2025]
- Erdoan and Libya's Dbeibeh reaffirm security and energy partnership - Yeni Safak English - November 7th, 2025 [November 7th, 2025]
- Moscow denies reports of Russian Spies being arrested in Libya - The Tanzania Times - November 7th, 2025 [November 7th, 2025]
- Another discovery made in Libya - Upstream Online - November 5th, 2025 [November 5th, 2025]
- Libya Announces New Onshore Oil Discovery - Crude Oil Prices Today | OilPrice.com - November 5th, 2025 [November 5th, 2025]
- Explanation of Vote Following the Adoption of a UN Security Council Resolution on Libya - United States Mission to the United Nations (.gov) - November 5th, 2025 [November 5th, 2025]
- Libya considers oil increase to hit target of 2m barrels - Arabian Gulf Business Insight | AGBI - November 5th, 2025 [November 5th, 2025]
- Libya discovers oil field with production of nearly 4,700 barrels per day - Middle East Monitor - November 5th, 2025 [November 5th, 2025]
- The Arabs: Two parallel roles played by Cairo and Washington to address the ongoing crisis in Libya - libyaupdate.com - November 5th, 2025 [November 5th, 2025]
- General Saddam Haftar meets with Brak al-Shati notables and declares: A new era of work and reconstruction in southern Libya - libyaupdate.com - November 5th, 2025 [November 5th, 2025]
- Libya Baby Diapers and Wipes Market Set to Reach US$ 392.2 Mn by 2033 Says Persistence Market Research. - openPR.com - November 5th, 2025 [November 5th, 2025]
- Libya seeks release of Muammar Gaddafi's son, held in Lebanon for 10 years without trial - - November 5th, 2025 [November 5th, 2025]
- Libyan Turkish Forum for Children's and Infants' Clothing Sector to be held in Benghazi from 8 to 9 November - Libya Herald - November 5th, 2025 [November 5th, 2025]
- Deputy Commander-in-Chief from Ubari: The era of marginalization is over, and the South is Libya's beating heart and the source of its strength and... - November 5th, 2025 [November 5th, 2025]
- Hundreds of Syrians in Libya take up offer of free tickets home - Arab News - October 28th, 2025 [October 28th, 2025]
- Half a Million Birds Annually: Poaching Threatens Wildlife in Libya - libyaupdate.com - October 28th, 2025 [October 28th, 2025]
- Libyas first AI system, LIBIGPT, launched in presence of Minister of Economy and Trade - Libya Herald - October 28th, 2025 [October 28th, 2025]
- Libyan Knowledge Economy Forum to be held on 2 February 2026 in Tripoli - Libya Herald - October 28th, 2025 [October 28th, 2025]
- Another 174 Bangladeshis to return from Libya Tuesday afternoon - Dhaka Tribune - October 28th, 2025 [October 28th, 2025]
- Clarification regarding reports that a rocket was launched in the vicinity of United Nations Support Mission in Libya (UNSMIL) compound - Africa24 TV - October 28th, 2025 [October 28th, 2025]
- Libyan European Forum for Transport and Telecoms to be held in Malta from 30 to 31 January 2026 - Libya Herald - October 28th, 2025 [October 28th, 2025]
- Ghadames, Libya: A Triumph in Heritage Preservation and Sustainable Tourism - Travel And Tour World - October 26th, 2025 [October 26th, 2025]
- The Supreme Council of the Amazigh of Libya supports the UN mission's efforts on the political roadmap - libyaupdate.com - October 26th, 2025 [October 26th, 2025]
- Libya officially joins the countries hosting the global internet infrastructure. - libyaupdate.com - October 26th, 2025 [October 26th, 2025]
- Libya participates in Food Point Exchange in Turkey - The Libya Observer - October 26th, 2025 [October 26th, 2025]
- 40 prospective migrants from Kurdistan Region return after two months of detention in Libya - 964media - October 26th, 2025 [October 26th, 2025]
- Over 3 million migrant workers in Libya do not pay taxes or fair share this is draining hard currency and lowering standard of living of Libyans -... - October 26th, 2025 [October 26th, 2025]
- CBLs "Banking Investment and its Role in Promoting Economic Development" seminar to be held on 4 November in Tripoli - Libya Herald - October 26th, 2025 [October 26th, 2025]
- Minister of State for Legislative Authority Affairs: The first signs of national wounds healing confirm that the train of democracy in Libya is moving... - October 24th, 2025 [October 24th, 2025]
- Father and five children found shot dead in car in Libya - Al Arabiya English - October 24th, 2025 [October 24th, 2025]
- Libyan and Tunisian Ministers of Economy discuss strengthening cooperation, implementing Joint Committee recommendations - Libya Herald - October 24th, 2025 [October 24th, 2025]
- The Cultural Committee Announces the Heritage Evenings Program as Part of the Libya Heritage Carnival - libyaupdate.com - October 24th, 2025 [October 24th, 2025]
- Hidden economy of ransom-based human trafficking in Libya affects hundreds of thousands of migrants - Phys.org - October 24th, 2025 [October 24th, 2025]
- Libyan Forum for Maritime Economy to be held in Tripoli from 13-14 January - Libya Herald - October 24th, 2025 [October 24th, 2025]
- PRESS RELEASE: Capacity building program for citizens on African Union shared values 20-22 October 2025 in Tripoli, Libya-African Union - Peace and... - October 23rd, 2025 [October 23rd, 2025]
- Libyas Ministry of Education has 600,000 employees, but only 180,000 actually teach Huge corruption in the printing of the schoolbook - Libya Herald - October 23rd, 2025 [October 23rd, 2025]
- LIU alerts Libyan manufacturers to be ready for the European Carbon Border Adjustment Mechanism (CBAM) in 2026 - Libya Herald - October 23rd, 2025 [October 23rd, 2025]
- Libya Taps Foreign Investment, Reforms to Close $37B Infrastructure Gap - Energy Capital & Power - October 23rd, 2025 [October 23rd, 2025]
- Union of Chambers hosts Spanish ambassador discussions include Libyan Spanish Economic Forum to be held in Madrid in 2026 - Libya Herald - October 23rd, 2025 [October 23rd, 2025]
- France's ex-president Sarkozy to be jailed over Libya funding conviction - France 24 - October 21st, 2025 [October 21st, 2025]
- France's ex-president Sarkozy to be jailed over Libya funding conviction - The Elkhart Truth - October 21st, 2025 [October 21st, 2025]
- Frances ex-president Sarkozy to be jailed over Libya funding conviction - Inquirer.net - October 21st, 2025 [October 21st, 2025]
- France's ex-president Sarkozy to be jailed over Libya funding conviction - Indiana Gazette Online - October 21st, 2025 [October 21st, 2025]
- Frances ex-president Sarkozy to be jailed over Libya funding conviction - Digital Journal - October 21st, 2025 [October 21st, 2025]
- Libya concludes third phase of municipal council elections with strong voter turnout - The North Africa Post - October 21st, 2025 [October 21st, 2025]
- Al-Sallak: Duality between the American and UN tracks for a solution in Libya a difference in the details - libyaupdate.com - October 21st, 2025 [October 21st, 2025]
- UNSMIL says has no authority to impose or dismiss governments - The Libya Observer - October 21st, 2025 [October 21st, 2025]
- Frances ex-president Sarkozy to be jailed over Libya funding conviction - Punch Newspapers - October 21st, 2025 [October 21st, 2025]