OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
The Organization of Petroleum Exporting Countries raised output by 190,000 barrels a day in January, according to a Bloomberg survey. That fits with an agreement between the group and its allies to revive some of the supplies halted during the pandemic.
DISTROSCALE
Yet the monthly change is barely two-thirds of the scheduled amount, as increases by OPEC’s Persian Gulf exporters were offset by disruptions in Nigeria and Libya.
Output from OPEC’s 13 members averaged 25.67 million barrels a day in January, according to the survey. It’s based on ship-tracking data, information from officials, and estimates from consultants including Rystad Energy AS, JBC Energy GmbH, Energy Aspects Ltd. and Petro-Logistics SA.
Libyan oil guards allow work to resume at two main ports
Libya’s Petroleum Facility Guards (PFG) have ended their brief blockade of the ports of Ras Lanuf and Es Sider, allowing oil exports to resume there, al-Waha Oil Co said on Monday.
The PFG, a force made up of local groups around Libya tasked with protecting oil facilities, closed down the ports in what it said was a dispute over pay.
An oil engineer at Ras Lanuf said normal work had resumed.
Source: Reuters (Reporting by Reuters Libya newsroom, writing by Angus McDowall, editing by Susan Fenton)
2021-01-25
By Reuters Staff
1 Min Read
TRIPOLI (Reuters) - Libya’s Petroleum Facility Guards (PFG) have ended their brief blockade of the ports of Ras Lanuf and Es Sider, allowing oil exports to resume there, al-Waha Oil Co said on Monday.
The PFG, a force made up of local groups around Libya tasked with protecting oil facilities, closed down the ports in what it said was a dispute over pay.
An oil engineer at Ras Lanuf said normal work had resumed.
Reporting by Reuters Libya newsroom, writing by Angus McDowall, editing by Susan Fenton
Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline
(Bloomberg) Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline, underscoring how difficult it is for the country to maintain its production following almost a decade of civil war.
The OPEC member’s output has fallen to around 1 million barrels daily in the wake of Waha Oil Co.’s decision to shut the pipeline taking crude to the eastern oil port of Es Sider, the country’s biggest. State-owned National Oil Corp., which controls Waha and made the announcement late Saturday on Facebook, said the repairs could take two weeks, though it hopes they can be completed in half that time.