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Traders said prices were mostly driven up by uncertainty around oil exports by Libya.
Read More »Oil Rises on Libya Export Worries
Oil Markets Tense amid Outages. OPEC Policy and Trade Rows
US West Texas Intermediate crude futures was 35 cents higher at $68.43 a barrel.
Read More »OPEC Deal to Raise Oil Production will Control Prices`
OPEC agreed to a modest rise in oil production from next month.
Read More »OPEC. Non-OPEC Producers Arrange to Boost Oil Output
The group equally stated they will meet again on December 4. 2018 to review their decision and its impacts on the market.
Read More »Libya`s NOC Confirms LNA Control of Oil Ports
Libya’s national oil production has dropped to between 600.000 and 700.000 bpd due to the closure of the ports.
Read More »OPEC’s Production Hike will Affect Nigeria’s Economic Outlook
OPEC'.s decision will affect economic outlook in Nigeria if the price drops below $51 or if the country is unable to boost its oil production.
Read More »Oil Tariff Quarrel Is Short-Term Gain. Long-Term Pain
U.S. President Donald Trump has called on OPEC to raise production to cool down oil prices.
Read More »Libya has Lost 450.000 bpd of Oil due to Clashes
Libya has lost 450.000 barrels per day (bpd) of oil production due to clashes at the oil terminals of Es Sider and Ras Lanuf.
Read More »Nigeria’s Crude. Second Highest Valued in 2017 Reference Basket
An average of 692.600bd of the country’s crude oil went to Europe in 2017.
Read More »Libya`s NOC Warns of Environmental Disaster Due to Clashes near Oil Terminals
Libya has been torn apart by conflict since its long-time leader Muammar Gaddafi was overthrown in 2011.
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