Libyan supply update
The International Energy Agency has released some limited information regarding Libya’s crude production and export facilities. However, details are few owing to very poor communication channels and staff shortages within the troubled nation.
Ostensibly, between 850 000 bpd and 1 million bpd of Libya’s 1.6 million bpd oil capacity is currently shut in. Reports from European refiners indicate that there are ample supplies of crude to last until the end of March. The unrest has come at a time when demand for crude oil is relatively low due to a number of significant maintenance operations being undertaken on European refineries.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/02032011/libyan_oil_supply_update/
You might also like
Wood Mackenzie: six-country international shale priority list for energy security as Middle East conflict drives supply diversification
Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.