Oil Prices Dip As China s Economic Growth Disappoints oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.
Oil prices fell by around 1% in early Asian trade on Monday after major Libyan oilfields resumed production over the weekend following a brief shutdown and after China reported second-quarter economic growth below expectations.
In the morning .
BENGHAZI (Reuters) -Production at Libya s Sharara and El Feel oilfields, which were shut on Thursday following the abduction of a former finance minister, has resumed on Saturday evening, four oil engineers and oil ministry said.
Energy giant Shell will supply Morocco with six billion cubic meters of liquefied natural gas (LNG) over 12 years under a new agreement, Morocco's energy ministry has said. Representatives of Morocco's national electricity authority, ONEE, and the British firm signed a contract on Friday in Rabat, the ministry said in a statement. According to AFP, the agreement includes the annual delivery of 500 million cubic meters of LNG to Morocco. The value of the 12-year deal has not been disclosed.