Libya’s January Oil Production Highest in Nearly Five Years.
Libya’s oil production averaged more than 1 million bpd in January, for the first time topping the million-bpd-mark for a full month since July 2013. Last month Libya produced 1.083 million bpd of crude oil, and 1.133 million of total liquids, adding that its oil production monitoring showed that…
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FebLibya sets 2018 oil contracts, Glencore keeps Sarir/Messla grades.
Glencore is keeping the marketing rights for the Sarir and Messla crude grades for a third year even though BP and Shell are returning to lift Libyan oil in a sign the country’s industry is perceived as becoming more reliable, sources said. One source familiar with the matter said Libya’s…
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FebNOC officials says oil production is recovering
A member of the Board of Directors of the National Oil Corporation, Jadallah Al-Okli, stated Saturday that the daily oil production has made a remarkable recovery in the last period. In a press statement, Al-Okli explained that the oil production healing depends on the availability of necessary budgets, in…
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JanLibyan carrier Badr “free” by a Bulgarian decision.
The national shipping company announced on Tuesday the decision to release the Libyan carrier Bader in Bulgaria since last November, adding in a leaflet on its Facebook page that the verdict of the Supreme Court in Sofia f The airline’s detention was due The national shipping company announced on Tuesday…
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JanHow the downside risks for oil prices have shifted from the demand-side to the supply side.
As global economic growth picks up practically everywhere, oil producers are becoming increasingly hopeful that the recent impressive price recovery will continue. But, if those hopes are to be fulfilled, not only will producers have to control what they can (by maintaining production discipline); what lies beyond their control (output…
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