In his meeting with the Head of the Union of Oil and Gas Workers … Mr. Chairman of the Board of Directors asserts: We re going in the right direction
04/26/2021 | 03:45pm EDT
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The Chairman of the Board of Directors of the National Oil Corporation (NOC), Eng. Mustafa Sanalla, met on Monday April 26, 2021, at the headquarters of the Arabian Gulf Oil Company in Benghazi, with the Head of the Union of Oil and Gas Workers, Mr. Saad Dinar Al-Fakhri, in the presence of Messrs. Jadalla Al-Awkali, Member of the Board of Directors of the National Oil Corporation, Fadlalla Ahtita, Chairman of the Management Committee of Arabian Gulf Oil Company, Masoud Suleiman, Chairman of the Board of Directors of Sirte Oil and Gas Company and Shaaban Ibsiso, Chairman of the Board of Directors of Ras Lanuf Oil and Gas Processing Company.
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Libya’s budget crisis threatens to derail operations at Sirte Oil Co. (SOC), with the company’s leadership calling for help from parent National Oil Corp. (NOC).
Oil Wavers With Market Weighing Uneven Global Demand Comeback
Bloomberg 2 hrs ago Andres Guerra Luz
(Bloomberg) Oil oscillated near Wednesday’s close as a resurgence of coronavirus in India cast a cloud over signs of strengthening demand in other key economies.
West Texas Intermediate was little changed after flipping between gains and losses in a $1.26 a barrel trading range on Thursday. In India, the world’s third largest oil importer, coronavirus cases have topped 300,000 a day. Concerns around demand there have offset improving gasoline demand in the U.S. and fewest jobless claims since the pandemic began.
“It’s going to be hard for the market to rally,” said Bob Yawger, head of the futures division at Mizuho Securities. “With India posting those kind of case numbers, it could be a drag on the market for a while.”