LONDON, July 31 (Reuters) – Europe’s smaller oil producers are more optimistic about the market than they have been for the past couple of years as a significant reduction in hedging shows they are betting on higher prices. Oil producers typically sell ahead a sizeable part of future production to protect themselves against a sudden… Read more »
Monthly Archives: August 2017
OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
LONDON, July 31 (Reuters) – OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal. A dip in supply from Saudi Arabia and lower Angolan exports… Read more »
