MNI BRIEF: Canada PM Carney Derides Trump's 51st State Idea

MNI BRIEF: Carney Sworn In As PM, Names Champagne To Finance

MNI China Daily Summary: Friday, March 14

MNI BRIEF: China February M2 Stays At 7% Y/Y

RPT-MNI INTERVIEW2: Lag Justifies Faster CNB Easing - Holub

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Libya Sets Es Sider Discount at $1.35/bbl in March

OIL
Energy BulletsBulletCommodities

Libya has set the Es Sider OSP for March at a discount of $1.35/bbl to Dated Brent compared to a discount of $1.15/bbl for February, according to Bloomberg.

  • Sharara’s OSP was set at a discount of $0.70/bbl to Brent, compared with a $0.40/bbl discount in February.
  • Libya plans to export 36mbbl, or 1.16mb/d, of crude in March, according to a loading program last week, compared with 33.2mbbl, or 1.19mb/d, in February.
  • Libyan crude production was up 17kb/d m/m to 1.277mb/d in January compared to an average of 1.092mb/d in 2024, according to OPEC based on secondary sources.
  • Output reached 1.4mb/d in late December 2024, NOC said, and Libya is targeting 1.6mb/d by the end of 2025, according to Oil Minister Khalifa Abdelsadiq in January.
121 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Libya has set the Es Sider OSP for March at a discount of $1.35/bbl to Dated Brent compared to a discount of $1.15/bbl for February, according to Bloomberg.

  • Sharara’s OSP was set at a discount of $0.70/bbl to Brent, compared with a $0.40/bbl discount in February.
  • Libya plans to export 36mbbl, or 1.16mb/d, of crude in March, according to a loading program last week, compared with 33.2mbbl, or 1.19mb/d, in February.
  • Libyan crude production was up 17kb/d m/m to 1.277mb/d in January compared to an average of 1.092mb/d in 2024, according to OPEC based on secondary sources.
  • Output reached 1.4mb/d in late December 2024, NOC said, and Libya is targeting 1.6mb/d by the end of 2025, according to Oil Minister Khalifa Abdelsadiq in January.