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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

Green Car Congress

million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. The largest rise in output came from Nigeria, where production rose 150,000 b/d to 1.57 The situation remains volatile.

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"Transmission Losses:" West African pirates

Plugs and Cars

5 Nigerian pirates stormed a Panamanian-flagged Ukrainian tanker, the Westaf, anchored off Lagos, Nigeria's commercial capital, according to the Sovfracht Maritime Bulletin published in Kiev. The cost of this protection will, of course, be borne by American taxpayers. West Africa's burgeoning oil industry has a pirate problem.

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

Green Car Congress

Between 2012 and 2016, Maersk had been working on field development, slated to have cost $1.5 If Saudi Aramco or QP are already experiencing production threats, the situation in other production regions, such as Nigeria, Libya or Mexico, could be even more dire. billion, to sustain output at current levels.

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