News Formal

Oil declines as market surplus forecast counters Libya worries

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Oil prices eased on Wednesday, extending declines as the International Energy Ag...

TOKYO - Oil prices eased on Wednesday, extending declines as the International Energy Agency forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output.

The head of the IEA, Fatih Birol, said on Tuesday he expects the market to be in surplus by a million barrels per day in the first half of this year. Libya’s National Oil Corp on Monday declared force majeure on the loading of oil from two major oil fields after the latest development in a long-running military conflict.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Well a car making company says Americans don't want vehicles that get 60mpg which is why we all are stuck with high gas bills. Blame the auto makers industry being in cahoots with oil companies.

bad edges there.. u cldnt get it to be rounder hu..

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Oil price rises after Libya civil war forces 2 oilfields to shut down - Business InsiderSupporters of military commander Khalifa Haftar closed a pipeline connecting two major oilfields in Libya, sending Brent crude to the highest since January 9.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »