Title : Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017
link : Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017
Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017
A reader just alerted me to this story: Libya's oil disruptions widen as two more fields halt output.My feelings about Libya? This is what I posted August 22, 2017, when the first oil field went out.
Libya? How important is Libya to the price of oil? Just a reminder: Libya has halted "loadings" from its biggest oil field (militants again, I'm shocked, I'm shocked). That was announced yesterday; a force majeure. Change in the price of oil? Flat.Of course, with this most recent Libyan story and now the Houston/Harvey Hurricane, all bets are off. We will know later this evening what this all means when we see futures at 6:00 p.m. ET.
Back to Libya:
- El Feel, or Elephant, stopped production, Wessam Al-Messmari, an office manager for the Petroleum Facilities Guard that is protecting the field, said Sunday by phone. State-run National Oil Corp. declared force majeure at the deposit, according to a person familiar with the situation who asked not to be identified because the information isn’t public.
- The Hamada oil field will gradually stop pumping through Monday because of the pipeline closing, Arabian Gulf Oil Co. spokesman Omran al-Zwai said Sunday. Force majeure was also declared on Hamada, he said.
- An armed group closed the pipelines to Hamada and El Feel, according to a person familiar with the situation.
Thus Article Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017
That's an article Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017 with the link address https://mylivemyidea.blogspot.com/2017/08/libyas-oil-disruptions-widen-as-two.html
0 Response to "Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017"
Post a Comment