• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 18 hours "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 13 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 hour "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 2 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 hour "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 32 mins "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 7 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 8 days Goldman Betting on Cryptocurrencies
  • 11 days Сryptocurrency predictions
The Diesel Crisis Is Going Global

The Diesel Crisis Is Going Global

Diesel inventories across the globe…

Volkswagen Sales In China Stall In 2022

Volkswagen Sales In China Stall In 2022

Volkswagen announced this week that…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Oil Tankers Seized After Gun Battle in Libya

Two vessels illicitly carrying crude from Libya have been captured by the country’s naval forces after an hours-long gun battle on the coast of Tripoli, according to the navy’s spokesperson.

A Ukraine-flagged ship called Routa and another un-affiliated ship called Stark were captured early Friday morning near Sidi Said, according to Ayoub Qassem of the Libyan navy, who spoke with Reuters.

"Clashes lasted for three hours, but the two tankers were successfully seized," Qassem said.

The official did not specify whether the gun battle caused any causalities, and did not identify the nationalities of the crew members.

The lack of a unified governing body in Libya had made the North African nation a haven for smugglers and traffickers who bring boatloads of people to Europe via the Mediterranean Sea. Fighting between the two rival governments and related militant groups has affected the recovery of Libya’s oil sector since the overthrow of dictator Muammar Gaddafi in 2011.

Libya’s NOC has said that it would target production of around 1.2 million bpd by the end of this year, but this level is currently nowhere in sight. As per OPEC’s secondary sources, Libya – exempt from the production cuts due to the violence – produced 622,000 bpd in March, down from 683,000 bpd in February.

Related: World Bank Maintains Oil Price Forecast At $55

Still, there is some tangible progress in the oil sector.

The El-Feel oil field in western Libya—operated by a joint venture between Italy’s Eni and Libya’s National Oil Corporation (NOC)—reopened last week after two years, and expects to start pumping oil as soon as a power outage is fixed, Bloomberg reported, citing a person familiar with the matter.

Should the field, also known as Elephant, start producing soon, it could add up to 90,000 bpd to Libya’s total oil output.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News