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Fierce clashes break out in Libyan capital Tripoli

TRIPOLI, May 26 Heavy clashes between rival factions erupted in the Libyan capital Tripoli on Friday, with loud explosions and heavy artillery fire heard since the early morning.

4:00pm BST

Oversold: Oil traders punish OPEC for promising too much

VIENNA, May 26 As OPEC's latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success.

3:41pm BST

UAE says oil agreement will help to balance market - agency

DUBAI, May 26 The extension of a global oil output cut deal will help to bring balance to the oil market and encourage investments in the oil sector, the United Arab Emirates energy minister said on Friday.

3:38pm BST

UPDATE 1-U.S. fossil fuel groups pull out of climate change court case

NEW YORK, May 26 Three fossil fuel industry groups dropped their attempt to intervene in a court case over climate change this week after failing to reach an agreement on a unified legal position on climate science, court filings show.

3:00pm BST

Nigeria oil governance bill aims to break up state oil company NNPC

LAGOS, May 26 The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company into three commercial entities supported by a regulatory body and a fund to oversee the distribution of money.

2:45pm BST

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