Libya crude production sinks 30% after ‘rogue’ militants block pipelines – FT – 30/08/2017

Libya’s crude production has fallen by more than 30 per cent after armed militants blockaded pipelines and closed oilfields, costing the conflict-ridden African producer $160m in lost revenues, the national oil company said on Wednesday.

Source:  FT, 2017/08/30

By |August 31st, 2017|Categories: News|Tags: , , |

Qatar Crisis Spills Into Libya, Entangling Glencore Over Oil – Bloomberg – 14/06/2017

The Qatar crisis is reverberating in Libya, inflaming political divisions in the war-torn oil exporter and dragging commodity-trading giant Glencore Plc into a dispute over crude sales.

Source:  Bloomberg, 2017/06/14

By |June 15th, 2017|Categories: News|Tags: , , , |

Estimated unplanned crude oil production disruptions among OPEC and non-OPEC producers

Note: Estimated unplanned disruptions reflect the level of volumes shut in, accounting for effective production capacity.
Source: U.S. EIA. The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran. 30 April 2015.

By |May 4th, 2015|Categories: Graph Analysis|Tags: , , , , , , , , , , , |

Oil prices and its discontents

Globalization had its discontents, so does the oil business. If forecasting is just another word for making mistakes, then the petroleum exporting countries can be worried.
This graph presents the 2014 fiscal and external breakeven oil prices (IMF estimates), meaning the prices that balance their budget and their current accounts, for the world main producers and [...]