Output from Libya’s largest oil field Sharara has returned back to normal after it was disrupted by riots and armed demonstrations in the city of
Tag: Libya
Market Update: Libya Adds More Oil Challenging OPEC’s Output Freeze
OPEC oil production went up in July by 90,000 barrels per day (bpd) to a 2017 high, driven by a recovery in supply from Libya.
Between a Rock and a Hard Place: For OPEC, the Struggle is Real
Eckart Woertz (Barcelona Center for International Affairs – CIDOB) In December last year, OPEC’s three largest oil producers managed to find common ground on the
Powering the MENA Region: North Africa Running Out of Electricity
North Africa is slowly running out of electricity due to rapidly growing population and the fast-paced industrial and economic expansion. Analysts predict that this could
Libya’s Oil Output Reduced by 252,000 bpd Due to Riots
Libya’s oil production has been reduced by 252,000 barrels per day – the country’s National Oil Corporation (NOC) announced yesterday (28 March). Oil output from
Market Update: Oil Freeze Hard to Keep as Prices Sink Again
Oil prices went down earlier this week after Libya, which has an exemption from output cuts, had increased its production by more than a factor
Market Update: OPEC Readying to Launch an Oil Freeze Deal
Venezuelan President Nicolas Maduro yesterday (16 November) attended an agreement signing ceremony with representatives of two oil companies – Venezuelan Delta Petroleum and India’s ONGC
Libya Struggling to Increase Oil Output
Libya, home to Africa’s largest oil reserves, is struggling to increase its output from the current daily production of 432,000 barrels. Mustafa Sanallah, chairman of
Saudi Arabia Says Higher Oil Production Driven by Demand
Saudi Arabia announced yesterday (9 June) that its increasing production over the last three months has been the result of a rising global demand. The
Russia vs. OPEC: Battle for Market Share and Oil Production
In the wake of an OPEC meeting next week, a Russian think tank has revealed that the Russian government was warned not to cut its