Browsing: Oil & Gas

Oil prices fell on Thursday for the second consecutive session, as demand concerns overshadowed limited global supplies after US government data showed tepid gasoline consumption during the peak summer driving season.

Libya will resume exporting crude oil on July 20 following a prolonged closure which ended after a new board was picked for the The National Oil Corporation (NOC), announced the state-owned oil company on Monday.

Organization of Petroleum Exporting Countries (OPEC) revealed that Libya’s oil production declined by 78,000 barrels per day during June, compared to May, making the country among the 4 countries that led the decline in OPEC production during the past month.