Oil tanker bookings indicate Libya exports returning

|By:, SA News Editor

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.