(Bloomberg) — Libya’s oil production has risen in the past week to around 700,000 to 800,000 barrels a day, according to Energy Minister Mohamed Oun. Oun, who gave the updated estimate on Monday, said on June 13 […]
Crude oil prices remained steady overnight Monday and edged up slightly on Tuesday as the ongoing refined product supply squeeze keeps oil prices elevated, OANDA analyst Jeffrey Halley said in a Tuesday note. In addition, […]
The decision by OPEC+ to boost its production quotas did not have the desired effect on oil markets, with prices having increased since then. One of the main reasons for this upward pressure is that […]
(Bloomberg) — Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult. Fathi Bashagha, who Libyan […]
Brent crude tops $113 per barrel at the start of the week. Crude prices have recovered to levels before the March 31st SPR release announcement. Libyan outages tipped the mood to slightly bullish early on […]
OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle […]
‘Plenty of twists and turns to come,’ says Vitol’s Muller Vitol’s views echo those of Wall Street banks such as Goldman Global oil markets could tighten even more with Russian flows being disrupted and producers […]
January 28, 2022 Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2022 Note: Crude oil production totals do not include condensate. In our January Short-Term Energy Outlook (STEO), we forecast that OPEC petroleum production […]
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money, Arab News has reported, citing the company’s Facebook page. AGOCO warned late on Thursday that it would […]
A key drilling objective for Hess in 2021 in Guyana’s offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company’s top executives said April 28. Uaru-2, […]
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