Oil Rise as Global Equities Climb, Libya Output Drops
Oil futures rose on Tuesday with the help of an increase in global stock markets, an outage reducing Libyan crude production and a gradual decrease in Russian output.Brent futures rose 45 cents…
NOC Declares Force Majeure on Biggest Oilfield
Libya's National Oil Company (NOC) on Monday declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group.NOC said the shutdown…
NOC: Halting Sharara Oilfield Would Be 'Catastrophic'
Libya's National Oil Corp (NOC) warned on Sunday of "catastrophic consequences" if the El Sharara oilfield is brought to a complete halt by a protest by tribesmen.The state oil company said it would take a long time to bring
Libya's Oil Output Down Sharply in 2018
Libya's national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation…
Libya Oil Output at Around 1.05 mln bpd
OPEC member Libya's oil output is at around 1.05 million barrels per day despite a continuing outage since February at its 70,000 bpd El Feel oilfield, a Libyan oil source told Reuters on Friday.
Oil Steady After Hitting Three-Week High
Saudi Q1 output to be below output cap as Libya declares force majeure on El Feel oilfield. Oil slipped on Monday but still held close to its highest since early February, supported…
Oil Slips Towards $66 as U.S. Output Trumps OPEC Cuts
U.S. daily crude output stays above 10 million barrels; Libyan oilfield pumping 70,000 bpd shut. Oil slipped towards $66 a barrel on Friday as rising U.S. oil output and exports countered…
Libya's El Feel Oilfield Production Unaffected by Protests
Oil production at Libya's El Feel has not been affected so far by ongoing protests, and the oilfield is pumping around 70,000 barrels per day, a Libyan oil source told Reuters on Thursday.
Oil Prices Fall After Libyan Oilfields Restart
Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. Benchmark Brent crude fell $1.22 a barrel…
Libya Shuts Down El Feel Oilfield - Field Engineer
Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. No more information was immediately available. The OPEC producer had managed to restart…
Libya's Oil Production Falls "Significantly"
Libya's oil production has fallen "significantly" this week after the two biggest oil ports, Es Sider and Ras Lanuf, halted operations due to fighting nearby, a spokesman for state National Oil Corp (NOC) said on Tuesday.
Libya Hopes to Restart El Feel Oilfield Next Week
Libya hopes to restart oil production at the southwesterly El Feel field next week, a spokesman for the state National Oil Corp (NOC) said on Tuesday. NOC shut down the field more than…
Fuel Tanks Hit in Libyan Violence
Fuel storage tanks that supply Tripoli were hit on Wednesday in clashes between rival Libyan militias, igniting a huge blaze near the international airport. More than 40 people have…
Suicide Attack Escalates Libya Violence, Oil Output Slips
Crude output slips for first time since port deal; fresh clashes in Tripoli and Benghazi. Brega oil port seen open in few days. A twin suicide bombing at a Libyan army base in Benghazi…
Oil Steadies at $107 After Iran Talks Extended
Iran nuclear talks extended, pressure for deal intensifies; U.S. Brent crude oil steadied around $107 a barrel on Monday after big powers extended talks with Iran and eased sanctions on the Islamic republic slightly…
Oil Flat after Easing Supply Worries Drove Big Drop
Brent crude oil was little changed in choppy trading on Friday as investors moved to square positions following one of the international benchmark's biggest weekly falls this year due…
Iraq Strife Intensifies: Brent Crude Tops US$113
Brent crude rose above $113 per barrel to near a nine-month high on Monday as Sunni insurgents advanced in Iraq, intensifies concerns over a potential disruption to oil exports from the second-largest OPEC producer.
Med Crude-Urals Prices Hold Near 14-Month Low
Russian Urals prices in the Mediterranean held close to a 14-month low on Wednesday due to very weak refining margins in the region and cheaper alternative grades. Vitol offered a 140…
Brent Rises Above $109, Libya Oil Recovery Short-lived
Brent crude oil rose above $109 a barrel on Friday after a recovery in Libyan oil supply proved short-lived and as tension simmered over Ukraine. Libya's El Feel oilfield has been shut…
U.S. Crude Oil Approaching $ 102 A Barrel
U.S. Secretary of State Warren warned Thursday that if the President of the Russian meddling in Ukraine's election on May 25, will face competition from Europe and further economic and trade sanctions.
