Thursday, April 17, 2014

Remember Those Reports That Libyan Oil Was Coming Back On-Line .... Never Mind....

Reuters over at Rigzone is reporting:
Libya's oil minister said on Wednesday there was no clear timetable for the resumption of steady oil output as an end to the stand-off with rebels could still falter and the 9-month port shutdown may have damaged some facilities.
A tanker started loading crude at Libya's eastern port of Hariga for the first time since July on Wednesday - the first positive signal of an end to the four-port blockade by an eastern federalist group led by Ibrahim al-Jathran.
But Tripoli still faces many hurdles to get the bulk of its oil back online. Negotiations to free the country's largest oil terminals are still on-going and a second port that was due to re-open after the agreement last week is still under Jathran's control.
Saudi Arabia will take up the slack. LOL.