• 4 minutes Why Trump will win the wall fight
  • 8 minutes Cuba Charges U.S. Moving Special Forces, Preparing Venezuelan Intervention
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 3 mins is climate change a hoax? $2 Trillion/year worth of programs intended to be handed out by politicians and bureaucrats?
  • 23 mins Solar and Wind Will Not "Save" the Climate
  • 1 hour Some Good News on Climate Change Maybe
  • 45 mins Ayn Rand Was Right
  • 15 hours students walk out of school in protest of climate change
  • 7 hours Expected Breakdown: Israel-Central Europe Summit Canceled After Polish Pullout
  • 3 hours Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 1 day Prospective Cause of Little Ice Age
  • 1 day *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day L.A. Mayor Ditches Gas Plant Plans
  • 6 hours IT IS FINISHED. OPEC Victorious
  • 1 day And for the final post in this series of 3: we’ll have a look at the Decline Rates in the Permian
Alt Text

The Next Big Threat For Oil Comes From China

Oil product prices often lead…

Alt Text

Why WTI Is A Global Oil Market Benchmark

As U.S. crude oil production…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Trending Discussions

Libyan Pipeline Explosion Pushes Brent Prices Upward

After a quiet overnight session, the price of Brent Crude spiked following news of an explosion at a Libyan crude oil pipeline that feeds the Es Sider sea terminal - home of the largest oil depot in Libya - a source from the Libyan National Army told The Libya Times Tuesday. The blast happened near 30km northwest of Marada, the source said.

At the same time, the source accused militants from the Benghazi Defense Brigades of the blast. While the reasons for the explosions haven't been determined yet, media reports are suggesting that it was possibly a terrorist attack.

The media outlet added that the group had sent its forces to the explosion site, located between Es Sider port and an oil field.

While there is still no official update on what impact the explosion could have on Libyan oil output, Brent is higher about 40 cents on the news...

(Click to enlarge)

... with Bloomberg reporting that Libya's Waha output is said to drop 60-70kbpd after the explosion.

By Zerohedge.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News