Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, according to Reuters.
Browsing: Oil
The National Oil Corporation (Noc), the Libyan state energy company, declared that crude oil production has reached 1,210,000 barrels per day, while condensate production has reached 52,000 barrels per day in the last 24 hours.
Libya is set to increase its oil production to two million barrels a day, according to its government.
Libya’s National Oil Corporation (NOC) on Sunday said that the country’s daily oil production is currently 1.204 million barrels.
Libya’s National Oil Corporation (NOC) announced that its net revenues from sales of crude oil, gas, condensates and petrochemicals exceeded $5 billion in the second quarter of 2023, the Libyan company announced on Facebook, specifying that oil exports last May produced 1.57 billion dollars in revenues.
The Attorney General’s Office announced today that the Zawia Public Prosecutor has ordered the detention, pending further investigation, of the Commander of the Isnad Force in charge of protecting the Zawia Oil Refinery.
Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022, Reuters reported.
The Libyan Oil Minister, Mohamed Aoun today had the first working meeting with the organizers of the Libya Energy and Economy Summit 2023 to inform them of upcoming initiatives in the energy sector.
Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns, Reuters reported.
The Canadian government is reportedly trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya, according to Canadian network Global News.