The National Oil Corporation announced on Monday that Libyan oil production reached 1.212 million barrels per day on Sunday.
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The Libyan National Oil Corporation (NOC) has announced that the Mellitah Oil and Gas Company was able to rehabilitate the well (A75) in the Abu Attifel field, in implementation of the corporation’s plan to increase production.
The Central Bank of Libya (CBL) Governor, Siddiq al-Kabir, on Sunday discussed with the National Oil Corporation (NOC) Chairman, Farhat Bengdara, increasing coordination with regard to transparency and disclosure, according to CBL.
Repsol Energy announced that it will resume in the Al-Sharara oil field after Libya’s National Oil Corporation (NOC) has lifted force majeure from the field, which was shut down three weeks ago.
U.S. diplomats, led by Ambassador Richard Norland, on Tuesday discussed the Libyan National Oil Corporation (NOC) production increase strategy with its Chairman Farhat Bengdara.
Oil prices settled slipped on Tuesday as traders focused on rebounding crude output in parts of the U.S., along with rising supply in Libya and Norway, rather than risks to supply posed by conflict in Europe and the Middle East, according to Reuters.
Libya’s state National Oil Corporation (NOC) revealed today that Libya’s total exports of crude oil during 2023 exceeded 432 million barrels, or an average of 1.184 million barrels per day.
Oil steadied on Wednesday, giving up most of its earlier gains, as Middle East supply concerns arising from the Israel-Hamas war and the shutdown of a top Libyan oilfield balanced rising U.S. output and worries about weak economic growth, according to Reuters.
Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses.
Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, according to Reuters.