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

OIL

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.
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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.