An oil tanker docked at the East Libyan port of Es Sider late December to load the first cargo of crude since the terminal reopened following a two-year closure.
Libyan oil-facility guards prevented two of the country’s biggest fields from resuming production, days after the National Oil Corporation (NOC) reached an agreement to restart operations there to boost output.
Libya’s National Oil Corporation (NOC) evacuated non-essential staff from el-Sidra port after reports of military clashes nearby, but has not suspending any loadings.
Iraq will make three new suggestions at a meeting in Vienna of OPEC oil ministers at the end of the November to implement an agreement to restrain crude supply in order to push up prices.
Libya has experienced a remarkable increase in oil production hitting 670,000b/d. The rise in output came accordingly to NOC's work in some previously-shut oilfields.
Libya's Es Sider is to resume exports with its first cargo since force majeure was declared on loadings from the port in December 2014. The cargo will be potentially lifted by Libya's National Oil Corporation (NOC) d ...
Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching above $53 per barrel as a result of reports that OPEC had agreed to curb production.