US oil prices popped 2.3% to as much as $89.29 a barrel, also the highest level since November. The latest rally for oil prices will continue to push up prices at the pump for consumers and add to inflation across the US economy. Gasoline prices, which lag oil prices, have edged higher this week as a result of that announcement. The EIA also raised its forecast for diesel and oil prices for the fourth quarter of this year and first quarter of next year. If these forecasts hold true, energy prices will continue to complicate central bankers’ efforts to tame inflation.

September 12, 2023 19:28 UTC

UEFA today announced that it will be holding a moment of silence at all upcoming national team and club competition matches until the end of next week, in memory of the victims of the flooding in Libya; as well as the victims of the earthquake in Morocco as previously announced on 9 September. The thoughts of European football are with the people of Libya and Morocco in these difficult times.

September 12, 2023 19:08 UTC

Flooding caused by Storm Daniel devastated eastern Libya, leaving more than 2,000 people confirmed dead and 10,000 registered missing, the Libyan Red Crescent said Tuesday. East Libyan government Prime Minister Ossama Hamad told the Associated Press at least 2,000 were feared dead. The floods swept away more than a quarter of the city of Derna, ripping through dams and washing away buildings. Over 1,000 bodies have been recovered in the city, minister of civil aviation Hichem Abu Chkiouat told Reuters. Libyan Red Crescent members waded through flood waters, carrying survivors to safety, in video shared by AFP.

September 12, 2023 18:53 UTC

A senior medic in Derna told Reuters that more than 2,000 people were dead, while eastern Libya officials cited by local television were estimating a toll above 5,000. View image in full screen In this photo provided by the Libyan government, cars and rubble sit in a street in Derna, Libya, on Monday, Sept. 11, 2023, after it was flooded by heavy rains. Many, many buildings have collapsed.”0:25 Libya flooding: As many as 2,000 feared dead after powerful stormThe local al-Masar television said the eastern administration’s interior minister had said more than 5,000 people died. Libya Almasar TV via AP)'Never felt as frightened'In Derna, Mostafa Salem, 39, said he had lost 30 of his relatives. 0:25 Libya flooding: As many as 2,000 feared dead after powerful stormAt Tripoli airport in northwest Libya, a woman wailed as she received a call saying most of her family were dead or missing.

September 12, 2023 18:43 UTC

73 armed forces and civil protection department personnel will go to Libya to assist the country following the catastrophic flooding which has left thousands dead and missing. The contingent, which includes 12 armed forces officials and 31 civil protection department members, will travel to Libya on the P61 vessel. In the eastern city of Derna, which has seen the worst of the devastation, as many as 6,000 people are missing, Othman Abduljalil, health minister in Libya’s eastern administration, told Libya’s Almasar TV. Hospitals in Derna are no longer operable and the morgues are full, said Osama Aly, an Emergency and Ambulance service spokesperson. "Once again, Malta will stand in solidarity with another country, this time with historical relations to us.

September 12, 2023 18:30 UTC





At least 2,300 people were killed in Libya and thousands more were reported missing on Tuesday after catastrophic flash floods broke river dams and tore through an eastern coastal city, devastating entire neighbourhoods. “We confirm from our independent sources of information that the number of missing people is hitting 10,000 persons so far,” Ramadan said via video link from Tunisia, which borders Libya. Access to the eastern region is limited. Phone and online links have been largely severed, but the administration’s prime minister Oussama Hamad has reported “more than 2,000 dead and thousands missing” in Derna alone. Libya’s National Petroleum Company, which has its main fields and terminals in eastern Libya, declared “a state of maximum alert” and suspended flights between production sites where it said activity was drastically reduced.

September 12, 2023 16:47 UTC

Local authorities have launched search-and-rescue operations, while authorities and national organizations have sent medical teams and aid convoys to the affected area. The UN in Libya has deployed emergency response staff and has mobilized assistance to people affected by the floods. The number of casualties is expected to increase as the search-and-rescue operations continue. NigerDespite challenges, humanitarian operations continue across the country. In May, we and our partners in Nigeria appealed for nearly $400 million to respond to the most severe needs in the three states through September.

September 12, 2023 16:30 UTC

TRIPOLI: At least 10,000 people were feared missing in Libya on Tuesday in floods caused by a huge storm that burst dams, swept away buildings and wiped out as much as a quarter of the eastern city of Derna. Videos showed a wide torrent running through the city centre after dams burst, wrecking buildings that stood on either side. “We can confirm from our independent sources of information that the number of missing people is hitting 10,000 so far,” he told reporters via video link. Pope Francis was among world leaders who said they were deeply saddened by the deaths and destruction in Libya. “Our team in Libya is reporting a disastrous situation for some of the most impoverished communities along the north coast.

September 12, 2023 16:25 UTC

CAIRO – 12 September 2023: Egyptian Chief of Staff Osama Askar arrived in Libya Tuesday, accompanied by 25 rescue teams as well as three military jets carrying food and medical supply, to express solidarity with the storm-hit country, meeting with Commander-in-chief of the National Libyan Army (LNA) Khalifa Haftar. President Abdel Fatah al-Sisi had met earlier on Tuesday with a number of commanders of the Egyptian Armed Forces, instructing the delivery of humanitarian aid, rescue teams and equipment, as well as camping gear to Libya and Morocco by both air and sea. The death toll in Morocco, hit by a 6.8-magnitude earthquake on Friday, exceeded 2,800, while injuries stand at 2,500. Nevertheless, the figures may rise as rescue missions are not over yet. As for Libya, deaths caused by Storm Daniel in Derna on Monday recorded 2,800, while the search is still ongoing for 4,000.

September 12, 2023 15:55 UTC

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

September 12, 2023 15:29 UTC

Water engineering experts have told the BBC it is likely that the upper dam, around 12km (eight miles) from the city, failed first - its water sweeping down the river valley towards the second dam, which is estimated to be about one kilometre from the low-lying part of Derna, where neighbourhoods were inundated.

September 12, 2023 15:29 UTC

At least 700 recovered bodies have been buried so far, the health minister for eastern Libya said. He told a U.N. briefing in Geneva via videoconference from Tunisia that at least 10,000 people were still missing. The destruction came to Derna and other parts of eastern Libya on Sunday night, when Mediterranean storm Daniel pounded the coast. The storm hit other areas in eastern Libya, including the town of Bayda, where about 50 people were reported dead. Hundreds of families were displaced and took shelter in schools and other government buildings in the city of Benghazi and elsewhere in eastern Libya.

September 12, 2023 15:18 UTC

How relevant is this ad to you? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues

September 12, 2023 15:09 UTC

In Tripoli, the three-person Presidential Council which functions as head of state in the divided country asked the international community to help. Videos of Derna showed a wide torrent running through the city centre where a far narrower waterway had previously flowed. "People were asleep and woke up and found their homes surrounded by water," he told Reuters. However, Dbeibah’s government works closely with the Central Bank of Libya, which disburses funds to government departments across the country. Qatar’s Emir Sheikh Tamim bin Hamad al-Thani instructed the government to send aid to the affected area in eastern Libya, Qatar’s state news agency reported.

September 12, 2023 15:00 UTC

blinking-dot Live updates Live updates,Libya floods live news: Thousands dead, missing in Derna after Storm DanielUp to 3,000 people are estimated to have been killed and 10,000 are missing after massive floods in eastern Libya.

September 12, 2023 14:51 UTC