Vice Chairman of Libya’s Presidential Council of Libya, Abdullah Al-Lafi, met yesterday with the head of the International Committee of the Red Cross (ICRC), John Nicolas, on the occasion of the end of his mandate. According to a statement by the council, Al-Lafi stressed during the meeting the continued cooperation of the council with the ICRC regarding the issue of missing and detained persons. Al-Lafi stressed in the meeting that the issue of missing and detained persons is one of the pillars of the national reconciliation project launched by the Presidential Council. In turn, Nicolas praised the council’s “cooperation with the Committee during its work in Libya in recent years”.

The RBN Headliner is a daily summary of energy market developments and news, covering various energy sectors, upstream, midstream and downstream, including crude oil, natural gas, NGLs, refined products, and renewables. Headliners often focus on price changes, supply and demand trends, geopolitical events, and other factors that impact energy markets. Please check back this afternoon for the latest Headliner.

STORY: Since 2011, Edama for Nature Conservation has been conserving turtle nests and other species in Libya’s coastal city Zuwarah, west of Tripoli, to protect them from extinction. Mohsen al-Mansouri says the turtles are also under threat by people who try to sell the eggs. He is one of a group of volunteers who search the beach for nests almost daily, before unearthing the eggs and relocating them to the uninhabited Farwa Island. “We have saved, moved, and protected hundreds of nests over the years, depending on how big the nest is, there are usually 70 to 80 or 100 to 160 eggs in each nest,” says Edama co-founder Abou Bakr al-Mansouri.

OIL prices extended their decline into a second session on Monday after China's second-quarter growth came in weaker than expected, fuelling concern about demand in the world's No. 2 oil consumer, while Libya resumed production on the weekend. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. "Apparent oil demand grew at a strong pace year on year, but the market seems focused on the headline (GDP) numbers," Patterson said. "They are stockpiling crude at low prices, and waiting for recession to hit the West before going full on with stimulus," Grasso said.

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By Arathy SomasekharHOUSTON (Reuters) -Oil dropped by more than 1.5% on Monday after weaker than expected Chinese economic growth raised doubts over the strength of demand in the world's second biggest oil consumer, and a partial restart of halted Libyan output also pressured prices. China's gross domestic product (GDP) grew 6.3% year-on-year in the second quarter, compared with analyst forecasts of 7.3%, as its post-pandemic recovery lost momentum. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. Oil briefly rose after a Reuters news alert on Saudi Arabia extending a voluntary output cut. Oil also came under pressure on Monday from the resumption of output at two of three Libyan fields shut last week.

Supply disruptions in Libya and Nigeria lift the price amid output cuts by Saudi Arabia and Russia. Fears of an economic slowdown in China could have a negative impact on the oil price. Investors will keep an eye on unexpected disruptions in Libya and Nigeria and developments surrounding the continued OPEC production cuts. The correction in WTI on Monday seems to be profit-taking by oil traders after WTI recorded its third-straight weekly gain. On the other hand, fears of an economic slowdown in China could have a negative impact on the oil price.

EventActivists plan to protest outside the Prime Minister's Office in Tripoli July 17. Protesters are demanding that authorities investigate the fate of a Hajj pilgrim who went missing in Saudi Arabia. Increased security and localized transport disruptions are likely near the Prime Minister's Office July 17 Clashes between police and protesters cannot be ruled out, particularly if demonstrators are overly disruptive or if they ignore police orders to disperse. AdviceAvoid the protest due to the potential for clashes. Allow additional time if traveling through the affected area July 17.

Brent crude oil price news: Oil prices extended their decline into a second session on Monday after China's economic data showed growth slowed in the second quarter, fuelling concern about demand in the world's No. 2 oil consumer as Libya resumed production over the weekend. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. "Apparent oil demand grew at a strong pace year on year, but the market seems focused on the headline (GDP) numbers," Patterson said. "They are stockpiling crude at low prices, and waiting for recession to hit the West, before going full on with stimulus," Grasso said.

Generative artificial intelligence (AI) platforms such as ChatGPT or Google’s Bard may not be able to process the personal data of Indians available in the public domain, as per the latest draft of the Digital Personal Data Protection (DPDP) Bill, 2023, which was approved by the cabinet earlier this month. Experience Your Economic Times Newspaper, The Digital Way! (What's moving Sensex and Nifty Track latest market news stock tips and expert advice on ETMarkets . For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News.

By Arathy SomasekharHOUSTON (Reuters) -Oil dropped by more than 1.5% on Monday after weaker than expected Chinese economic growth raised doubts over the strength of demand in the world's second biggest oil consumer, and a partial restart of halted Libyan output also pressured prices. China's gross domestic product (GDP) grew 6.3% year-on-year in the second quarter, compared with analyst forecasts of 7.3%, as its post-pandemic recovery lost momentum. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. Oil briefly rose after a Reuters news alert on Saudi Arabia extending a voluntary output cut. Oil also came under pressure on Monday from the resumption of output at two of three Libyan fields shut last week.

AL ASSAH: Libyan border guards have rescued dozens of migrants who have been left in the desert by Tunisian authorities without water and food, and their numbers are “rising”, an officer said on Sunday. Hundreds of migrants from sub-Saharan African countries were forcibly taken to desert and hostile areas bordering Libya and Algeria after racial unrest in early July in Sfax, Tun­isia’s second-largest city. A team at the Libyan-Tunisian border saw migrants who were visibly exhausted and dehydrated, sitting or lying on the sand and using shrubs to try and shield themselves from the scorching summer heat that topped 40 degrees Celsius. The group were in an uninhabited area close to Al-Assah, a town near the Tunisia-Libya border, nearly 150 kilometres west of Tripoli. “The number of migra­nts keep rising every day,” said Mohamad Abou Snen­ah of the border patrol unit, telling AFP they have rescued “50 to 70 migrants”.

On July 11, Libyan al-Qaeda terrorist Ziad Balaam was briefly detained by authorities in Turkey, where he was originally slated to be deported to Libyan National Army (LNA) controlled Benghazi to face trial. The Benghazi attack caused shock and outrage both within the United States and internationally. The Benghazi attack and its aftermath remain a highly debated and politically charged topic, with differing interpretations of the events and subsequent investigations. #Libya pic.twitter.com/RFQYiGGd2W — Libya Review (@LibyaReview) October 18, 2019Balaam remained in Benghazi fighting against LNA forces until 2014, where he was severely wounded in an assassination attempt. It remains unknown why Balaam was arrested by Turkish authorities as he has seemingly had unrestricted access between Turkey and Libya for medical treatment since 2014.

The leaders of Italy, the Netherlands and the European Commission made their second visit to Tunis in just over a month. They expressed hope that a memorandum newly signed with Tunisia during the trip would pave the way for a comprehensive partnership. Specific aid that von der Leyen announced included a 10-million euro ($11 million) program to boost exchanges of students and 65 million euros ($73 million) in EU funding to modernize Tunisian schools. Von der Leyen pledged 100 million euros ($112 million) for those efforts — a figure she had already announced on the leaders' previous visit. Rutte described the new memorandum as the "promising start of a comprehensive strategic partnership” between the EU and Tunisia that will aim to boost economic growth.

In recent news, oil prices experienced a decline on Friday but managed to record a third consecutive weekly gain, which hasn't been seen since April. Brent, considered the benchmark for a significant portion of global oil, concluded the week 1.83 percent lower at $79.87 per barrel. Jain, the chairman of the Petroleum and Natural Gas Regulatory Board, said that, “India should establish storage facilities for natural gas to promote the use of cleaner fuel within the country. Jain emphasized the importance of having natural gas storage capabilities that enable suppliers to accumulate stocks during periods of low prices. The protests caused a significant drop in Libya's oil production.