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Oil tanker bookings indicate Libya exports returning

  • 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.
Comments (1)
  • Georgerick
    , contributor
    Comments (16) | Send Message
     
    There is also a pipeline that exports Libya to Italy. What is the status of pipeline export?
    24 Sep 2013, 10:18 PM Reply Like
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