- Oil companies including BP and Total (TOT) have booked eight tankers to load Libyan crude, Bloomberg reports, a signal exports from the country are poised to accelerate after at least three months of disruption.
- Crude output has recovered to more than 600K bbl/day, and all the fields in the west of the country are producing, the deputy head of the parliament’s energy committee said recently.
- The eight tankers comprise two Suezmaxes able to hold 1M barrels of crude each and six Aframaxes that would haul ~600K barrels each.
- ETFs: BNO, UOIL, DOIL, OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI.
Oil tanker bookings indicate Libya exports returning
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