Green Car Congress
JUNE 18, 2022
Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. Since 6 June, WTI and Brent futures have averaged above $120/bbl.
Green Car Congress
JULY 12, 2021
The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. Country wise, Russia (-1 million b/d), Libya (-920,000 b/d) and Saudi Arabia (-790,000 b/d). Global oil demand fell 9.3%, with the largest falls seen in the US (-2.3 million b/d).
Green Car Congress
NOVEMBER 2, 2020
To this end, the GECF Secretary General reiterated the GECF’s readiness to support the Turkmen industry as it undergoes transformation on the back of the future energy trends, digitalization, and climate action.
Green Car Congress
JULY 16, 2017
The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. Amin Nasser’s aim is to go beyond global oil markets.
Green Car Congress
JULY 11, 2016
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. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d in June in order to meet domestic demand.
Green Car Congress
DECEMBER 23, 2016
The US dollar is at its strongest level in nearly a decade, which will weigh on global crude oil demand. Also, hedge funds and other money managers have staked out the most bullish position on oil futures in more than two years. Libya hopes to add another 300,000 bpd in output in 2017 after adding as much in 2016.
Green Car Congress
JUNE 23, 2011
The IEA estimates that the unrest in Libya had removed 132 million barrels of light, sweet crude oil from the market by the end of May. The IEA collective action is intended to complement expected increases in output by these producing countries, to help bridge the gap until sufficient additional oil from them reaches global markets.
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