Green Car Congress
JUNE 18, 2022
Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Since 6 June, WTI and Brent futures have averaged above $120/bbl. Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 mb/d in 2022 and 1.8 mb/d in 2023, according to IEA. mb/d this year, eroding its spare capacity cushion.
Green Car Congress
JULY 16, 2017
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. 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.
Green Car Congress
JANUARY 13, 2017
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 Moreover, Nigeria—which, like Libya, is exempt from the OPEC deal—is intent on restoring production. mb/d in December to 2.7 mb/d by the end of January. told Bloomberg.
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