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2014-08-20 18:15:00

LIBYA: NEW OIL 562,000 BPD

LIBYA: NEW OIL 562,000 BPD

Libya is due to start loading its first crude oil tanker from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan oil official and trading sources said.

The country's oil industry is making a modest comeback, restarting production and exports even while Tripoli has become a battleground for rival armed factions amid the worst violence since the 2011 civil war.

Output has risen to 562,000 barrels per day (bpd), the state-owned National Oil Corp said on Tuesday, although still well below its pre-blockade level of around 1.4 million bpd.

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Tags: LIBYA, OIL, WINTERSHALL,
Chronicle:
LIBYA: NEW OIL 562,000 BPD
2019, June, 25, 13:10:00
OIL PRICE: NEAR $64 ANEW
Brent crude futures were down 12 cents at $64.74, U.S. crude futures were up 3 cents at $57.93 a barrel.
LIBYA: NEW OIL 562,000 BPD
2019, June, 25, 13:00:00
US, IRAN SANCTIONS ANEW
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LIBYA: NEW OIL 562,000 BPD
2019, June, 25, 12:55:00
US CAN CLOSE HORMUZ
U.S. President Donald Trump said on Monday that other countries, including China and Japan, should protect their own oil tankers in the Middle East.
LIBYA: NEW OIL 562,000 BPD
2019, June, 25, 12:50:00
U.S. FINANCIAL RISKS UP
In addition, a number of medium-term risks are growing. The financial system appears healthy but vulnerabilities in leveraged corporates and, potentially, in the nonbank system are elevated by historical standards. An abrupt reversal of the recent supportive financial market conditions or a deepening of ongoing trade disputes represent material risks to the U.S. economy, with concomitant negative outward spillovers. The U.S. public debt-to-GDP ratio is on an unsustainable path and is expected to continue rising throughout the medium-term, as aging related spending rises.
LIBYA: NEW OIL 562,000 BPD
2019, June, 25, 12:45:00
GAS DEMAND WILL UP 46%
Dr. Sentyurin also highlighted that - according to the Forum’s projections - by 2040, the demand for natural gas is expected to increase at an annual average pace of 1.7%, corresponding to overall growth of 46%. Most of this demand growth will come from the Asia-Pacific region, with Europe continuing to be an attractive market for many gas producers.
LIBYA: NEW OIL 562,000 BPD
2019, June, 25, 12:35:00
CHINA, BRITAIN NUCLEAR TECHNOLOGIES
UK-based research and development company Innovative Physics Ltd (IPL) and China Environmental Protection Company Ltd (CEPC) have signed an agreement on technologies and skills to further improve the safety of nuclear power plants in China and overseas.
LIBYA: NEW OIL 562,000 BPD
2019, June, 24, 12:30:00
OIL PRICE: NEAR $65 YET
Brent crude futures rose 0.7% to $65.66 per barrel, near Friday’s three-week high of $65.76, while U.S. crude futures were up 1.1% at $58.07, standing at its highest in over three weeks.
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