LONDON (Bloomberg) -- Libyan oil production has fallen below 300,000 bpd after Islamist militants shifted attacks to energy facilities including the country’s largest oil export terminal, said Energy Aspects Ltd. Output is the lowest since May and down at least 65% from a recent high of 850,000 bopd in October following the assault on the Es Sider terminal, according to the Energy Aspects estimate. Libya holds Africa’s largest oil reserves.
Wintershall halts onshore oil production in Libya TRIPOLI, Libya Wintershall has suspended onshore production in Libya' s concessions C96 and C97 until further notice. With armed hostilities taking place at more and more oil export facilities, the Libyan National Oil Company
Wintershall halts onshore oil production in Libya TRIPOLI, Libya Wintershall has suspended onshore production in Libya' s concessions C96 and C97 until further notice. With armed hostilities taking place at more and more oil export facilities, the Libyan National Oil Company
LONDON and NEW YORK (Bloomberg) -- Oil advanced for the first time in three days amid speculation that an escalating conflict in Libya may pare a global surplus that’s driven crude into a bear market.
ES SIDER, Libya (Bloomberg) -- The force defending oil ports in eastern Libya pushed back an onslaught that Islamist militias had started 11 days ago to capture the facilities. “We pushed them back and it’s we who are now attacking them,” Ali al-Hasy, a spokesman of the Petroleum Facilities Guard, said by phone from Es Sider, Libya’s largest oil port. “The oil ports are safe and they suffered no damage. All the fighting took place well outside the ports.”
LONDON and NEW YORK (Bloomberg) -- Oil advanced for the first time in three days amid speculation that an escalating conflict in Libya may pare a global surplus that’s driven crude into a bear market.
