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Oil market shift to be marginally less tight | Hellenic Shipping News Worldwide

Oil market shift to be marginally less tight | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

United statesInternational monetary fundEuropean central bankEuropean unionOrganization for economic cooperationNational oil coEconomic cooperationNational oilEastern europeWest texas intermediate

Oil market shift to be marginally less tight

Oil market sentiment shifted from a focus on supply concerns to fears of a global recession resulting in a sharp sell-off. Despite the sell-off, physical crude markets have remained tight and will likely remain so in August. However, from September onward, the market will show length returning, which is likely to start influencing pricing. With refinery, margins are declining

United statesMohammed al shattiInternational monetary fundEuropean central bankEuropean unionOrganization for economic cooperationNational oil coEconomic cooperationNational oilEastern europeWest texas intermediateAl ahsaAl kharjKhalij timesGulf newsSaudi gazette

Libyan oil chief says nation s output halved

The head of the national oil company says conditions are safe for foreign workers who return to the country.

Al qahirahAli farajAz arbayjane gharbiSaudi arabiaAr riyaCity ofUnited kingdomLibya generalShukri ghanemMoammar gadhafiKhalid al falihRajab sahnounSaudi aramcoEu energyOrganization of the petroleum exporting countriesNational oil company

Libya s oil industry falls hostage to politics, again

Libya’s oil industry, the lifeblood of its economy, has once more fallen hostage to a political schism, as the re-emergence of parallel administrations has forced many hydrocarbon facilities to close. The state-run National Oil Co (NOC) this week declared a halt to operations at two major oil export terminals and several oilfields, halving output to about 600,000 barrels per day in a country that sits on Africa’s biggest oil reserves. The latest in a succession of political fissures since the 2011 fall of late Libyan leader Muammar Qaddafi cracked open in February, when the parliament, based in Libya’s east, selected a new

United statesHamish kinnearJalel harchaouiHamza mekouarVerisk maplecroftAbdulhamid dbeibahFathi bashaghaRichard norlandLibyan national army supreme commander khalifa haftarLibya national oil corpUs department of the treasuryNational oil coMuammar qaddafiNational oil corpLibya richard norlandThe taipei times

Libya s oil industry falls hostage to politics, again

Libya’s oil industry, the lifeblood of its economy, has once more fallen hostage to a political schism, as the re-emergence of parallel administrations has forced many hydrocarbon facilities to close. The state-run National Oil Co (NOC) this week declared a halt to operations at two major oil export terminals and several oilfields, halving output to about 600,000 barrels per day in a country that sits on Africa’s biggest oil reserves. The latest in a succession of political fissures since the 2011 fall of late Libyan leader Muammar Qaddafi cracked open in February, when the parliament, based in Libya’s east, selected a new

United statesHamish kinnearJalel harchaouiHamza mekouarVerisk maplecroftAbdulhamid dbeibahFathi bashaghaRichard norlandLibyan national army supreme commander khalifa haftarLibya national oil corpUs department of the treasuryNational oil coMuammar qaddafiNational oil corpLibya richard norlandThe taipei times

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