A state of emergency was declared at Libya’s Zawiya oil refinery (120k BPD) after clashes nearby, Al Araby reports citing a source; if this continues, it will impact refinery activity and Libyan exports

The declaration of a state of emergency at Libya's Zawiya oil refinery indicates escalating tensions that could disrupt refinery operations.

Newsquawk StaffPublished 8 May 2026, 09:47 UTCOn the live feed at 09:27 UTC — 3 more headlines followed before this page went public

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09:45

Fed's Cook (voter) does not comment on monetary policy or the economic outlook

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President Trump posts image of US Navy destroying an Iranian drone; he also posts positive comments on oil and stock markets

09:27

A state of emergency was declared at Libya’s Zawiya oil refinery (120k BPD) after clashes nearby, Al Araby reports citing a source; if this continues, it will impact refinery activity and Libyan exports

09:21

Tanker Trackers reports three empty National Iranian Oil Company tankers reached Iran after passing through Pakistan’s corridor, Tasnim reports

09:20

EU Aviation Safety Agency: notes the supply chain impact on jet A fuel from the Middle East conflict. Issues as Safety Information Bulletin on the subject. To publish guidance clarifying flexibilities under existing EU rules.

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Context

If clashes continue, it may lead to a reduction in oil production and exports from Libya, which could push up global oil prices, particularly affecting WTI. Traders should monitor this situation closely, as heightened geopolitical risks often influence energy markets significantly.

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