Libya continues to export crude oil despite the "force majeure" declared by its eastern-based government, which halted all oil production and exports due to a disagreement with the Tripoli-based government over control of the Libyan Central Bank, according to a report by price reporting agency...
Libya's National Oil Corp. (NOC) disclosed on Friday that the country's crude oil output decreased by around 63% following the recent oilfield closures triggered by political unrest.
Previously, the corporation reported a drop in oil production from 1.28 million barrels on Monday to 591,024 barrels on...
Oil traded in the green on Thursday after one of the main pipelines in Libya closed which caused a significant fall in the country’s production. However, crude prices remained under pressure following another rise in the United States oil inventories.
Meanwhile, Russia’s Energy Minster Alexander Novak...
Energy prices continued to trade in the green on Tuesday, extending gains from earlier today as Libyan output turmoil cut the country’s oil production. Libyan output of oil dropped by 252,00 barrels per day after production at two of its fields Sharara and Wafa has been stopped after they were...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
