Libya has issued another tender for Sarir crude oil in December, traders told Dow Jones Newswires Friday.
Libya
has
issued another tender for Sarir crude oil in December, traders told Dow Jones
Newswires Friday.
On offer is one million barrels of the oil grade for loading Dec 20-31, they
said.
The loss of some 1.3 million barrels of Libyan crude exports in February sent
crude prices soaring earlier in the year. But since the end of civil unrest in
the country, supply of crude has returned much more quickly than many market
participants had expected.
The latest figures indicate production has returned to 840,000 barrels a day.
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