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Libyan June Oil Exports Seen Flat vs May

OIL

Libyan crude/condensate exports currently sit at 800kbd so far in June according to Vortexa vessel tracking. That leaves flows unchanged from May which was a yearly low and 350kbd lower than the 2021 average.

  • The roughly 30% decline in exports has been driven by protests across the country which have hampered both production and port activity.
  • Libyan crude output figures have been thrown into disarray over the past week with conflicting reports, though 700,000-800,000 bpd seems the most accurate region. The Libyan NOC is yet to provide an official figure on the latest production numbers.

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Libyan crude/condensate exports currently sit at 800kbd so far in June according to Vortexa vessel tracking. That leaves flows unchanged from May which was a yearly low and 350kbd lower than the 2021 average.

  • The roughly 30% decline in exports has been driven by protests across the country which have hampered both production and port activity.
  • Libyan crude output figures have been thrown into disarray over the past week with conflicting reports, though 700,000-800,000 bpd seems the most accurate region. The Libyan NOC is yet to provide an official figure on the latest production numbers.

Keep reading...Show less