• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 4 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 9 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 3 hours Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 2 days Are you aware of Oil Price short videos on our energy topics?
  • 3 days NordStream2
  • 2 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 2 days "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT

Breaking News:

California Gasoline Prices Are Spiking

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Pipeline Woes Hit Libya Oil Production

A leak that forced the shutdown of an oil pipeline in Libya has reduced its recovering oil production by as much as 200,000 bpd, Bloomberg reports, noting the challenges the country faces in ramping up its oil output. The pipeline carries oil from two fields operated by Waha Oil to the Es Sider oil port.

Libya’s crude oil production rebounded from less than 100,000 bpd in early September to over 1.2 million bpd by November as eastern government-affiliated forces lifted an eight-month oil port blockade that had stifled Libya’s oil industry.

The National Oil Corporation also had plans to boost production further to at least 1.7 million bpd, its chairman Mustafa Sanalla told the Wall Street Journal in November. These developments interfered with the hopes of Libya’s fellow OPEC members of higher prices thanks to the deep OPEC+ production cuts agreed earlier in the year.

Analysts, however, have dismissed the worry that Libyan oil would offset the cuts, noting that the situation in the North African country remained quite fragile politically, which meant heightened uncertainty about the future of its oil production.

Indeed, just last week, members of the Petroleum Facilities Guard—a group that has also taken part in internal squabbles between the east and the west—delayed the loading of at least one crude oil cargo and threatened to blockade the port of Hariga unless their salary demands are met. Related: The Miraculous Material Transforming Energy Storage

This is the latest in a long string of export disruptions caused by the PFG, which at one point used to control all the oil ports and hold off exports until the eastern-affiliated Libyan national Army wrestled control of the facilities from them and handed it to the NOC.

Now the state oil company is facing a whole other problem resulting from the negligence of transport facilities. The company said the pipeline that had to be shut down “could no longer continue to operate due to the large number of leaks, and it’s worn out,” and blamed it on lack of state funding for its regional subsidiaries.

“What happened with Waha today happens daily with other companies that suffer from a budget shortage. They are also under the threat of having to reduce their production and to even halt it completely.”

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

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