Libya reopens oil fields, prepares to resume exports

By all indications, Libya is poised to ramp up oil production.

BY MARKETWIRE, TRANSLATED BY CHRISTOFFER ØSTERGAARD

The government of Libya and its national oil company have reached an agreement with protesters in the nation, paving a way for a reopening of oil fields and export terminals, writes Bloomberg News.

This enables the country to put a stop to a blockade and once again ramp up production, possibly resulting doubling output to approximately 1.2 million barrels of oil per day.

Oil climbs on prospects of lower interest rate hike

Shell CEO sees risk of energy rationing

Oil climbs on prospects of lower interest rate hike
Shell CEO sees risk of energy rationing
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