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The 5 Countries That Could Push Oil Prices Up

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But Libya’s restoration of output coincided with a similar reduction in violence in the Niger Delta. Meanwhile, peace in the Niger Delta remains fragile, and reports that militants have grown frustrated with the pace of talks with the government raises concerns about a return to violence. Link to original article: [link].

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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. Growing political instability in Libya, as the LNA is targeting control of the country, or the re-emergence of the Niger Delta insurgency, will put a cap on increases.

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Oil Prices Running Out Of Reasons To Rally

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It’s a good time to do maintenance on oil fields during production cuts,” Al-Fezaia said, noting that Kuwait will lower output from 2.89 Link to original article: [link]. On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. mb/d in December to 2.7 mb/d by the end of January.