Browsing: Oil & Gas

Oil prices rose on Friday by over $1 on Friday, where Brent crude futures were up $1.10, or 1.42%, at $78.69 a barrel, while U.S. West Texas Intermediate crude futures rose $1.45, or 2.01%, to $73.64, according to Reuters.

An official security source in the El-Feel oilfield, located in the Murzuq basin, confirmed the the oil site is still open and that the production proceeds regularly, despite the protests that led to the closure of the nearby Sharara fiel  in Ubari, reports Italian news agency Nova.

The National Oil Corporation (NOC), Libya’s state oil company, has announced that oil production reached 1,219 million barrels per day, to which 56 thousand barrels of condensate are added, on Sunday 17 December.