Browsing: Oil & Gas

Libya’s oil production has reached 1 million and 211 thousand barrels per day as of the last 24 hours, announced the National Oil Corporation (NOC) on Sunday.

Libya’s oil production declined on Friday by about 6000 barrels per day from the production on Wednesday and Thursday, as the National Oil Corporation (NOC) said the crude oil production rates amounted to one million and 207 thousand barrels, while the production of condensate reached 52 thousand barrels.

Oil prices fell in Asia on Thursday, after rising more than $1 in the previous session, as concerns about supply disruptions eased and markets looked for evidence of improving fuel demand.