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Libyan Es Sider Discount at 5-Month Low

OIL

Libya cut the Es Sider OSP for December to a discount of 20c/bbl to Dated Brent according to Bloomberg reports and compares with +30c for November.

  • December’s price was the lowest since July according to Bloomberg.
  • Sharara OSP cut to 30c/bbl from 50c a month earlier.
  • Libyan oil production is at 1.3mn bpd currently and targeting 1.4mn bpd by the end of the year according to official reports Tuesday.

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