
Libya’s Oil Production Rebounds To Top 1.2 Million Bpd
Libya’s oil production is now at 1.211 million barrels per day (bpd).

Libya’s oil production is now at 1.211 million barrels per day (bpd).
China has gained a major foothold in oil-rich Iraq, shaking up Western domination in fields from energy to construction, even as some warn that infrastructure projects could leave Baghdad in debt.
Black oil spills are spotted on the banks of the Euphrates River in Syria, near the oil smuggling points between the areas controlled by the Kurdish-led Syrian Democratic Forces (SDF) and the Syrian government-held areas.
The parties also reviewed prospects of Chevron’s participation in implementation of investment projects in the petrochemical and gas chemical sphere and plans on further expansion of the Karachaganak field production capacity.
Zapsibneftekhim, a Tobolsk-based affiliate of the Russian petrochemical major Sibur, produced the first batch of the new HD 02604 LS black polyethylene grade, the corporate communications department of the petrochemical plant told TASS on Wednesday.

Russian market indices ended the trading session on Monday with mixed dynamics.
Amid a looming energy crisis, Switzerland could turn to oil for electricity production in the winter in case of an emergency, Swiss Energy Minister Simonetta Sommaruga told local newspaper SonntagsZeitung this weekend.

Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month’s end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

An Iranian tanker at the centre of a confrontation between Washington and Tehran is no longer recorded as heading for Turkey, Refinitiv Eikon shipping data showed on Monday, having switched to a Turkish destination at the weekend.

The incident with oil pollution in the Druzhba pipeline, in particular, affected Rosneft’s plans to reduce net debt in the second quarter of 2019, the oil company’s First Vice President Pavel Fedorov said during a conference call on Wednesday.