Oil drops with Libya boosting production in coming weeks
by Bloomberg Oct 23, 2020
Crude futures in New York and London declined after Libya’s National Oil Corp. said the country’s output would surpass 1 million barrels a day in four weeks.
West Texas Intermediate crude futures fell 59 cents to $40.05 a barrel and Brent dropped 61 cents to $41.85 a barrel at 10:48 a.m. in New York.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
Flux Power releases SkyEMS® 3.0, transforming fleet data with AI-powered insights and personalized dashboards
With customizable AI-powered dashboards, predictive battery health insights, and real-time alerts, SkyEMS 3.0 transforms fleet data into a strategic asset, helping customers optimize operations while strengthening Flux Power's intelligent energy…
View ArticleGlobal demand for LNG expected to grow by 65% by 2050
Global demand for liquefied natural gas (LNG) is expected to increase to nearly 700 million tons a year by 2050, an increase of around 65% from 2025 levels1, according to…
View Article
Metered electricity demand in the New York ISO falls midday because of small-scale solar
View Article
U.S. commercial crude oil inventories have decreased in June
View Article
Fuel cell investment by data centers set to grow tenfold, reaching $30 billion by 2030
View Article
Two monopile handling innovations boost Baltic Power offshore wind farm
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
