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Libyan rebels, government agree to reopen two occupied oil ports

TRIPOLI (Reuters) - Libya's government reached a deal with rebels on Sunday to reopen two occupied oil ports accounting for 200,000 barrels per day of crude exports in a major breakthrough to end an eight-month blockade. Zueitina and Hariga ports - the two smallest of four terminals seized by rebels demanding more autonomy from Tripoli and a greater share of oil wealth - will be reopened on Sunday, according to the agreement.

Exclusive: Enbridge first to confirm re-exports of Canadian crude via U.S.

By Selam Gebrekidan and Nia Williams NEW YORK (Reuters) - Enbridge Inc <ENB.TO> has become the first company to confirm plans to re-export Canadian oil from the United States, a move that could fuel debate over U.S. trade policy and intensify opposition to new oil sands pipelines.

Libya rebels hail progress in talks on reopening oil ports

Rebels demanding autonomy for eastern Libya said Thursday they had made progress in talks with the central government on reopening key oil ports that they closed to exports last July. A rebel spokesman said a first port might reopen as early as next week, raising hopes of an end to the nine-month blockade which has slashed Libyan oil exports from 1.5 million barrels a day to just 250,000 in a massive blow to the economy.

Libya rebels hail progress in talks on reopening oil ports

Rebels demanding autonomy for eastern Libya said Thursday they had made progress in talks with the central government on reopening key oil ports that they closed to exports last July. A rebel spokesman said a first port might reopen as early as next week, raising hopes of an end to the nine-month blockade which has slashed Libyan oil exports from 1.5 million barrels a day to just 250,000 in a massive blow to the economy.

U.N. panel to weigh dangers of oil-by-rail cargo

By Patrick Rucker WASHINGTON (Reuters) - International rules for handling the kind of petroleum shipments involved in several recent fiery derailments may need to be revised, the United Nations said, in a move that could rattle the fast-growing oil-by-rail sector. A U.N. panel for shipping hazardous materials this week said that it accepted a request from U.S. and Canadian experts to revisit rules that govern shipping the kinds of fuel produced in energy areas such as North Dakota's Bakken.

Libya rebels hail progress in talks on reopening oil ports

Rebels demanding autonomy for eastern Libya said Thursday they had made progress in talks with the central government on reopening key oil ports they closed to exports last July. A rebel spokesman said a first port might reopen as early as next week, raising hopes of an end to a nine-month blockade Tripoli says has cost the country more than $14 billion in lost oil revenues.

Report: Bakken, Three Forks oil production to average 1.1 million barrels a day in 2014

WILLISTON, N.D. - Oil production in North Dakota and Montana's Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm. Wood Mackenzie anticipates that oil production in the North Dakota and Montana sections of the Bakken and Three Forks formations will grow to 1.7 million barrels per day in 2020. "We're very confident on the future of the Bakken," said Jonathan Garrett, an analyst at Wood Mackenzie. He added that the expected lifetime of a Bakken well is 25 years to 30 years.

Libya says could reach deal in 2-3 days to open oil ports

By Ulf Laessing and Ahmed Elumami TRIPOLI (Reuters) - Libya could finalize an agreement in two to three days with rebels to reopen key oil ports, a government spokesman said on Wednesday, bolstering hopes for an end to an eight-month standoff that dried up petroleum revenue. Brent crude oil prices have fallen sharply since rebel leaders said their group would reach a deal within days to end the blockade of three ports that previously accounted for 600,000 barrels per day of Libyan crude exports.

Libya says moves oil security force headquarters to east, meets rebel demand

TRIPOLI (Reuters) - Libya will move the headquarters of a security force tasked with guarding oil facilities to the eastern town of Brega, home to a rebel force occupying oil ports, the government said on Wednesday. The government did not explain the move in a regular cabinet statement but it meets a demand from port rebel leader Ibrahim Jathran. His main headquarters are in Brega near the Zueitina oil port. Rebels and the government both have said they expect to agree on a deal to lift a blockage of major eastern oil ports.

Libya says could reach deal in 2-3 days to open oil ports

By Ulf Laessing and Feras Bosalum TRIPOLI (Reuters) - Libya could finalise an agreement in two to three days with rebels to reopen key oil ports, a government spokesman said on Wednesday, bolstering hopes for an end to an eight-month standoff that dried up petroleum revenue. Brent crude oil prices have fallen sharply since rebel leaders said their group would reach a deal within days to end the blockade of three ports that previously accounted for 600,000 barrels per day of Libyan crude exports.
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