Asides

Oil prices edged lower on Wednesday, a day after reaching levels not seen in more than 2 years after a pipeline explosion in Libya. February West Texas Intermediate oil on the New York Mercantile ExchangeCLG8, -0.80%  was down 24 cents, or 0.4%, at $59.73 a barrel. February BrentLCOG8, -1.18%  fell 33 cents, or 0.5% to $66.71 a barrel. WTI oil prices hit a 2 1/2-year high on Tuesday, while Brent crude rose 2.7% after an explosion at a pipeline that connects crude-oil fields to Es…

The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah has been selected as the Chief Executive of the Year at the Petroleum Economist Annual Awards gala ceremony in London. The international award was promoted by the NOC Chairman and the firm’s success in restoring oil production to around one million barrels per day ‘in a deeply divided political environment’ according to ‘international peers of Sanallah.’ 4 Traders website reported Tuesday. ‘I am deeply honored to be named Chief…