Tag archives: FO

Oil Drops To Six-Month Low As U.S. Crude Oil Inventories Rose Unexpectedly 04/08/22

Oil falls to nearly 6-month lows after surprise U.S. crude, gasoline build   Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd). Brent crude …

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Libya’s Oil Output Returns To Pre-Blockade Level 01/08/22

Libya’s Oil Production Recovers to Pre-Blockade Level   Libya’s crude output has rebounded to its early April levels, the OPEC member’s oil minister said, in an increase that could help cool a jittery global oil market. Output has climbed to 1.2 million barrels per day, Oil Minister Mohamed Oun said in a telephone interview. The …

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