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OIL: Libyan Headlines Suggest Sharara Return

OIL
BulletEnergy BulletsCommodities

Libya normally pumps about 1.2 million barrels of crude a day, but that figure dropped to less than 450,000 barrels in late August.

  • Headline says ‘Libya’s Largest oilfield to resume Thursday’ seemingly referring to 300kbd Sharara, which was out even prior to the rest of the fields coming offline.
  • Returns of production suggests all volumes could be set to return.
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Libya normally pumps about 1.2 million barrels of crude a day, but that figure dropped to less than 450,000 barrels in late August.

  • Headline says ‘Libya’s Largest oilfield to resume Thursday’ seemingly referring to 300kbd Sharara, which was out even prior to the rest of the fields coming offline.
  • Returns of production suggests all volumes could be set to return.