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Commodities Briefing - Categorized | Oil, Price Watch more

Energy Journal: Libyan Supply Set to Increase Price Pressures

Posted on 15 August 2014

More news likely to put downward pressure on oil prices overnight as it emerged that Libya’s largest oil-exporting port is to resume service shortly. As Summer Said and Benoit Faucon report, the Es Sider port will resume operations next week. The port is capable of loading around 340,000 barrels of oil per day and there are some big tankers anxiously waiting to start taking on the crude that’s been piling up in storage in Libya.
With another large Libyan port already having reopened this week, hopes will be rising of a return of significant amounts of Libyan oil to international markets………………………………………..Full Article: Source


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