Hariga Oil Port Operating Normally Following Protest
Libya's eastern oil export port of Hariga on Friday was working normally a day after a protest there, port workers said.Late on Thursday, tribesmen staged a demonstration at the port’s gate in protest against the appointment of a government minister, a tribe leader told Reuters.The port, which is linked to the Sarir oilfield, has been hit by closures in the past caused by protests such as guards complaining
Libya Exports First Oil Cargo From Ras Lanuf Since 2014
An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's battered oil output. The port manager of Ras Lanuf said a second tanker was preparing to load at the terminal, one of four seized on Sept. 11-12 by eastern Libyan forces loyal to military leader Khalifa Haftar.
Eastern Libya Ships First Oil Cargo in Defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move that could deepen the divisions that have brought chaos since the fall of Muammar Gaddafi. The Tripoli authorities asked the U.N. Security Council on Tuesday to blacklist the India-flagged tanker Distya Ameya…
Libya's NOC Talks with Tribal Elders on Closed Oilfields
Libya's state oil firm NOC is in talks with tribal elders to try to reopen oilfields closed by protests but no breakthrough has been achieved yet, a spokesman for the National Oil Corporation said on Monday. Major oilfields such as El Sharara and El Feel in western Libya have been blocked for months by security guards or tribesmen…
Libya's Hariga Port Reopens, Security Strike Ends
Libya's eastern port of Hariga reopened on Wednesday after security guards ended a strike over salary payments, and a tanker has started lifting about 700,000 barrels of crude, an oil official said. The guards had staged the strike on Tuesday, the latest in a series of such walkouts. "The port management persuaded the guards to end the strike," the official said, asking not to be named.
Tanker Lifts One Million Barrels of Crude at Hariga
A tanker left Libya's eastern oil port of Hariga after lifting one million barrels of crude, an oil official said on Thursday. No new tanker was expected in the next few days, said the official, asking not to be named. The terminal located in the eastern city of Tobruk had closed over the weekend due to poor weather. OPEC producer Libya has managed to boost output to almost 600…
Two Tanker Liftings at Libyan Ports
A tanker is currently lifting 700,000 barrels of crude at the eastern Libyan port of Hariga, an oil official said on Monday. A second tanker was expected at the eastern port of Zueitina on Tuesday to load 600,000 barrels of crude, another official said. Reporting by Ayman al-Warfalli
Brent Steady at $59, Saudis Say Demand Up
Saudi Arabia's oil minister says markets are calm; Fed may not rush to raise interest rates. Brent crude held steady around $59 a barrel on Wednesday as Saudi Arabia's oil minister said oil demand is growing and markets are calm. Oil prices crashed by 60 percent between June and January to a post-2009 low near $45 a barrel but have since recovered. "Markets are calm now ...
Tanker Loads Libyan Oil from Hariga, Sarir Still Down
A tanker has loaded 600,000 barrels of crude oil from storage at the Libyan port of Hariga, an oil official said on Wednesday. The oil also said that crude supplies from the Sarir oilfield were still disrupted following a pipeline blast. Reporting by Ayman al-Warfalli
Libyan Oil Exports All but Shut Off as Violence Spreads
Libya's oil exports have collapsed to just a trickle from two small offshore platforms, officials and industry sources said on Tuesday, as violence in the country has shut all major ports. Not a single crude oil tanker has departed Libya in the past week, industry sources say and ship tracking shows, with supplies to the last operating port of Hariga disrupted over the weekend by a pipeline fire.
Libya Reopens Oil Port After Strike
Libya reopened its oil port of Hariga on Tuesday, ending a strike by guards that had threatened to further slash exports as rival factions fight for control of the OPEC country. The threat to shut down Hariga underlined the fragility of oil shipments as two competing governments and their armed allies are locked in a scramble for territory and petroleum wealth.
Libyan Oil Output Shrinks as Oil Tanks Blaze
Libya's oil output has shrunk back further after blazing oil tanks at a major terminal helped world oil prices higher and burnt a bigger hole in its dollar currency reserves. It is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said on Monday, while fighting halted the major ports Es Sider and Ras Lanuf.
Libya's Oil Output Wanes as Fighting Shuts Ports
Hariga fields still producing but Libya's current output a fraction of pre-2011 levels. Libya is producing 128,000 barrels of oil a day from fields connected to far eastern port of Hariga, an oil official said on Monday, while fighting halts work at major ports Es Sider and Ras Lanuf. Output from the OPEC member nation remains…
Brent Oil Falls to $82/bbl, Reaches Four-year Low
Brent crude fell to $82 per barrel on Tuesday as a firm dollar and robust production from U.S. shale fields outweighed a drop in Libyan output, although it recovered in part from a four-year low early in the day. The U.S. dollar rose against a basket of currencies and hit a seven-year high against the yen, suppressing demand for…
Libya Oil Exports Stutter, Major Eastern Ports Await Restart
Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday. The latest twist in a spiral of violence also casts a shadow over the vital deal two weeks ago to end the eastern blockade by federalist protesters of the last two facilities they held.
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 to reduced concerns over exports from strife-torn Iraq. Prices have dropped more than $2 from a nine-month high of $115.71 hit on June 19 as output from Iraq's southern oilfields…
Med Crude-Urals Stronger in Surgut Baltic Tenders
Russian Urals prices strengthened following a tender by oil firm Surgut in the Baltic, underpinned by a tighter July loading programme, traders said. Surgut was believed to have sold two cargoes to Eni and Total for July 12-13 loading at around dated Brent minus $2.90 per barrel, more than 50 cents stronger than previous price estimates.
North Sea Maintenance Offsets Lack of Sales to Asia
North Sea Forties crude differentials were unchanged on Tuesday in light trade, supported by upcoming North Sea maintenance, but the forward curve weakened due to the lack of arbitrage opportunities to Asia. Two potential VLCC shipments to Asia appeared to have been called off. The VLCC Phoenix Vanguard was sailing south past Portugal after calling at Exxon's Fawley refinery…
North Sea: Potential VLCC Moves to South Korea
North Sea Forties crude differentials were unchanged on Wednesday in very quiet pre-Easter trade, with dealers still watching two potential VLCC shipments to Asia and the stuttering return of Libyan oil supplies. A strong early rally in flat-price Brent futures also kept traders on the sidelines, market sources said, with the new…
Brent Oil Up to $110 on Ukraine Tension
Brent crude rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, while prices for U.S. oil fell after a report showed a huge build in stockpiles in the world's largest oil consumer. Ukrainian government forces and separatist pro-Russian militia staged rival shows of force in eastern Ukraine amid escalating rhetoric on the eve of crucial talks on the former Soviet state's future.
