View full page at energyexch.com

 

Libyan crude oil output jumps to two-month high above 1 million b/d

From spglobal.com

Libya's crude oil recovery has seen output rise above 1 million b/d for the first time since early June, sources close to production said Tuesday. The latest increase came mainly from the Sharara oil field where production has moved above 250,000 b/d, up from 218,000 b/d last week, the sources said. The 340,000 b/d field was shut down abruptly mid-June after gunmen entered a substation and kidnapped four staff members. Wells in the surrounding area were shutdown as a precaution and workers evacuated. Libya's oil output fell to 670,000 b/d in July, its lowest since April 2017, according to the latest S&P Global ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News