Libya declares FM on crude shipments from Sharara again
The country had declared force majeure on loadings from its two oil terminals, Zawiya and Mellitah, in late March due to armed protestors blocking the western oil fields of Sharara and Wafa. The country had then lifted the force majeure after a week, in early April, and its oil production had reached 120,000 barrels/day, still down 100,000 barrels/day when compared to the levels produced before the shutdown. It was also planning to increase oil production from Sharara to 270,000 barrels/day by the end of this month.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Longest-ever rally staggers in Turkey’s PVC market
- Upstream keeps China PET afloat; prices hit 11-month high
- Import PVC uptrend loses momentum in Asia; is the 9-month rally coming to an end?
- Tightness brings further price hikes in African PP, PE markets
- European PP hits new highs after 3-digit hikes for January
- Turkey’s PP, PE markets open 2021 with supply-driven hikes
- Vietnam’s local homo-PP market retreats for 3rd week on subdued demand
- China’s PE demand wavers amid controls on environmental pollution and electricity use
- January trend takes shape in Egypt’s PP, PE markets
- Stats: Turkey’s 2020 polymer imports set to beat the 2017 record