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

Green Car Congress

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

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

Green Car Congress

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 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

West Africa's burgeoning oil industry has a pirate problem. 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. Most were related to the oil industry. oil imports. Source: UPI.com ].

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