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Major oil traders see high likelihood of output cuts being extended
Major oil traders gathered in Switzerland this week said they expected OPEC and non-OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies. Russell Hardy, Vitol's chief executive for Europe, Middle East...

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Libya's oil output down 252,000 barrels per day due to armed protests
Oil production from the western Libyan fields of Sharara and Wafa has been blocked by armed protesters, reducing output by 252,000 barrels per day (bpd), a source at the National Oil Corporation (NOC) said   NOC declared force majeure on loadings of Sharara...

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Russian oil company reached Iraqi production milestone
Russian oil company Gazprom Neft said it passed a milestone with operations in Iraq by passing the 5 million barrel mark for cumulative production in 2017. The company said it commissioned four wells at the Badra oil field so far this year, bringing the com...

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Russian oil company reached Iraqi production milestone

Russian oil company Gazprom Neft said it passed a milestone with operations in Iraq by passing the 5 million barrel mark for cumulative production in 2017.
The company said it commissioned four wells at the Badra oil field so far this year, bringing the combined total to 14 wells at the field. Total daily production has increased to 80,000 barrels and total output so far this year is in excess of 5 million barrels.
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Libya's oil output down 252,000 barrels per day due to armed protests

Oil production from the western Libyan fields of Sharara and Wafa has been blocked by armed protesters, reducing output by 252,000 barrels per day (bpd), a source at the National Oil Corporation (NOC) said

NOC declared force majeure on loadings of Sharara crude from the Zawiya oil terminal in the west of the country and Wafa condensate loadings from the Mellitah terminal.
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Major oil traders see high likelihood of output cuts being extended

Major oil traders gathered in Switzerland this week said they expected OPEC and non-OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies.

Russell Hardy, Vitol's chief executive for Europe, Middle East and Africa, said he expected OPEC and non-OPEC members to extend their pact as the market's cushion of 300 million barrels in stocks has been slow to erode. However, he said it would depend on the oil price at the time of the next OPEC meeting, scheduled for May 25.
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Oil rises as IEA expects biggest non-OPEC output fall in 25 years

See more at: http://mecei.org/2016/04/26/oil-rises-as-iea-expects-biggest-non-opec-output-fall-in-25-years/#sthash.O9k5Xe1e.dpuf

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