Louisiana Light • 2 days | 73.66 | +0.86 | +1.18% | |||
Bonny Light • 30 days | 78.62 | -2.30 | -2.84% | |||
Opec Basket • 2 days | 73.57 | +0.80 | +1.10% | |||
Mars US • 320 days | 75.54 | -1.36 | -1.77% | |||
Gasoline • 15 mins | 2.021 | +0.010 | +0.50% |
Bonny Light • 30 days | 78.62 | -2.30 | -2.84% | |||
Girassol • 30 days | 79.56 | -1.80 | -2.21% | |||
Opec Basket • 2 days | 73.57 | +0.80 | +1.10% |
Peace Sour • 14 hours | 66.96 | +0.94 | +1.42% | |||
Light Sour Blend • 14 hours | 66.21 | +0.94 | +1.44% | |||
Syncrude Sweet Premium • 14 hours | 70.96 | +0.94 | +1.34% | |||
Central Alberta • 14 hours | 67.96 | +0.94 | +1.40% |
Eagle Ford • 2 days | 67.67 | +1.10 | +1.65% | |||
Oklahoma Sweet • 2 days | 67.75 | +1.25 | +1.88% | |||
Kansas Common • 2 days | 58.02 | +1.10 | +1.93% | |||
Buena Vista • 3 days | 76.57 | +1.17 | +1.55% |
OPEC argues that taxes on…
With less than 50 days…
Kayrros
Kayrros delivers insights on the global energy market to help players make better investment decisions, using advanced data analytics and cutting-edge technologies such as machine…
Kayrros estimates that more production capacity started to come online at the Elephant oil field and the Sirte basin fields on July 13, reducing total shut-in production in Libya to 180 kb/d. Output is set to further ramp-up in the immediate days as more Eastern fields are likely to restart, including the Waha oilfield.
In the Murzuq basin, the dispute with local guards at the Elephant oil field was resolved early last week. The field shutdown back in mid-February was due to protests by local tribes and guards and has been a major source of lost production in the country. Production has now restarted for the first time since the protests began, and it is set to ramp up shortly, according to the Libyan National Oil Corporation (NOC).
Following the resolution of the conflicts in Eastern Libya, major oil fields in the Sirte basin are also restarting. Production at the Abu Attifal oilfield is ramping up while the Dayfah oilfield recently restarted.
The NOC recently announced the lifting of force majeure at Es Sider, Ras Lanuf, Zuwetina and Hariga, where exports have been halted for the past two weeks. Storage facilities at Ras Lanuf remain limited, however, following the conflicts. Only four tanks are operational, greatly reducing the amount of storage capacity.
Conflicts in the regions around Es Sider and Ras Lanuf caused the NOC to declare force majeure in mid-June. The fighting resulted in damage to four storage tanks at Ras Lanuf on June 20-21, severely impacting exports from the terminal.
By Kayrros
More Top Reads From Oilprice.com:
Kayrros delivers insights on the global energy market to help players make better investment decisions, using advanced data analytics and cutting-edge technologies such as machine…
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com