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Libyan Crude Exports Edge Higher March

OIL

Libyan crude and condensate flows edged to a five-month high in March at 1.03mn bpd versus 1.01mn bpd in February supported by higher flows to China according to Bloomberg vessel tracking.

  • Exports to China jumped to 97k b/d from 36k b/d in February.
  • Libyan officials pegged Libyan oil production at 1.2mn bpd late last week. Oil output from the country has been stable at around that rate since thew middle of last year.

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