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The 5 Countries That Could Push Oil Prices Up

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That is because it has nearly tripled its output from about 300,000 bpd in August 2016 up to about 850,000 bpd currently, down a bit from a recent peak at over 1 mb/d. But Libya’s restoration of output coincided with a similar reduction in violence in the Niger Delta. mb/d last year, back up to 1.8 mb/d currently. mb/d, down from 3.2

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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Maintenance of the field is expected, resulting in a shut-down of production—something that has been confirmed by Sadad Al Husseini, former VP Aramco. Between 2012 and 2016, Maersk had been working on field development, slated to have cost $1.5 billion, to sustain output at current levels.

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