Oil, banks trip up European shares
LONDON, May 26 European shares slid in thin trade on Friday as shares in energy firms and banks dropped, ending a lacklustre week relatively little changed.
TRIPOLI, March 6 Production by Libya's Waha oil company has been cut by 35,000 barrels per day (bpd) as a precautionary measure due to clashes near the major oil ports of Ras Lanuf and Es Sider, a senior official at the National Oil Corporation (NOC) said on Monday.
Jadalla Alaokali told Reuters that national production currently stood at 663,000 bpd, down from an average of about 700,000 bpd in recent weeks.
"The production of Waha before was about 75,000 bpd and it has been reduced by 35,000 bpd as a precaution due the company's limited storage capacity and fears about the evolution of events in Es Sider," Alaokali said. (Reporting by Ahmed Elumami in Tripoli; Writing by Aidan Lewis; editing by Susan Thomas)
ROME, May 26 President Donald Trump still refuses to back the 2015 Paris agreement to fight climate change, blocking efforts by world leaders meeting in Sicily to get the new U.S. leader to endorse the treaty, Italy's prime minister said on Friday.