Libyan production +500,000… Reuters – Commodity Research Group

October 3, 2016 by Jim Colburn Leave a Comment

From Reuters:

“Ibrahim Alawami, head of the NOC’s measurement department, said it was hoped that national production, which was between 450,000 and 490,000 bpd last week, would increase further at the end of the month.”

We have become cynical over prospects for Libya to reach pre 2011 production levels of 1.6 mbd, but is this possible?:

“Alawami did not give a target, but NOC Chairman Mustafa Sanalla has said he hopes to raise output as high as 900,000 bpd by the end of the year.”

This is one scenario pointed out by OPEC “agreement” skeptics…

Here is the link: http://www.reuters.com/article/libya-security-oil-idUSL5N1C94AN

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

Reader Interactions

Leave a Reply Cancel reply