Italian oil company Eni led the charge back into Libya on Monday as rebels swept into capital Tripoli, hailing the end of Muammar Gaddafi's rule and warning Russian and Chinese firms of contract revisions.
As Libyan rebels take control of the capitol city of Tripoli after months of fighting, here are Moammar Gadhafi's top ten thoughts as he ponders his next move:
Skype buys GroupMe, Verizon's 45,000 striking workers head back to work, rebel action in Libya affects oil prices, and more in today's Companies Roundup
Brent crude fell by more than a dollar on Monday to around $107 a barrel with traders and investors anticipating the resumption of oil exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth.
History will note that Internet came back to life in Libya on August 21, 2011. It took 150 days for its resurrection.
Hacking group ‘Electr0n’ have successfully compromised a top level Libyan registry domain nic.ly.
Leaders around the world have reacted (mostly) favorably to news that Libyan rebels have captured the capitol city of Tripoli and have arrested two of Moammar Gadhafi’s sons.
Hurricane Irene hits Puerto Rico and approaches Florida, rebels take over Libya's capital, charges may be dropped against Dominique Strauss-Kahn and more in Monday's daily scoop.
Here is a brief rundown of important events around the world Monday morning, August 22, 2011.
Brent crude fell almost $2 on Monday toward $106 a barrel with traders and investors anticipating the resumption of oil exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
Moammar Gadhafi's put up scattered, last-ditch resistance in Tripoli Monday after rebels swept into the heart of the Libyan capital, cheered on by crowds hailing the end of his 42-year rule.
U.S. crude oil futures rose more than $1 a barrel on Monday as the dollar eased against a basket of currencies and as stock markets rose on hopes for a swift end to the conflict in Libya.
The implosion of Libyan leader Muammar Gaddafi's 41-year-old rule will put a new spring in the step of the Arab revolutions and demonstrate once again that these entrenched autocratic governments are not invincible.
Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
Brent crude dropped more than $3 on Monday to below $106 a barrel, while U.S. oil fell more than a dollar to below $82, on the potential for a resumption of exports from OPEC-member Libya as a six-month civil war there appeared close to an end.
Libyan government tanks shelled parts of central Tripoli Monday after rebels swept into the heart of the city and crowds took to the streets to celebrate the expected downfall of Muammar Gaddafi.
European stocks extended four weeks of losses on Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
As rebel fighters reached Green Square in heart of Tripoli in the early hours on Monday, speculations ran high that dictator Moammar Gadhafi had fled the capital.
Even as Libyan dictator Moammar Gadhafi's grip on the country was slipping fast with rebels making headway into the center of Tripoli and international pressure on the four-decade ruler to step down reached its zenith, there are reports that Gadhafi's son Seif Al-Islam has been captured by the rebels while another son, Mohammed, has surrendered.
Rebel fighters swept into the heart of Tripoli Sunday night and crowds took to the streets to celebrate the impending fall of Muammar Gaddafi, but the dictator's loyalists were reported fighting back as dawn broke Monday.
European stocks looked set to extend four weeks of losses Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.