There is a report in Asiaone News that in Brega – Libya’s oil port there is no more crude oil stocks, due to the national turmoil in the county.
On a related news, there are reports that OPEC has risen its oil production during February to an average 29.8 million barrels per day, while during January the average output was 29.57 million bpd. This bump is mainly related to the increase in output made by Saudi Arabia.
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For more on this subject:
- Weekly outlook for Crude oil, Natural gas and Gold 7-11 March
- Oil prices rise as Libyan turmoil progress – Weekly recap 28 Feb 4 Mar
- Oil prices outlook – 9 March