International

The NOC had warned of daily losses of $67.4 million and extensive disruption to oil. gas and power operations.

Iraq’s oil minister said last month Iraq and Iran had not yet begun exchanging crude oil. for technical reasons.

Trump tweeted on Saturday that he’d gotten an agreement from Saudi Arabia’s King Salman to boost output.

Oil prices have been steadily rising since early 2016. when OPEC and non-OPEC producers struck a deal to cut output.

All of Libya’s natural resources and facilities should be returned to the recognized Libyan authorities as soon as possible.

Russia reduced its crude production by 300.000 b d from October 2016.

The European Union said it is going to oppose any attempt to sell or purchase Libyan oil outside the official channels managed by NOC.

The move would cause an output loss of 350.000 barrels per day.

The Germans consider Norway (71%). Canada (52%) and Russia (49%) to be the most reliable energy partners.

Analytics firm GlobalData says Canada. China and Nigeria will also make significant investments.