The remaining proven recoverable reserves of Libyan oil are 410.50 billion barrels (equivalent to 5686543.8+0 billion tons), ranking ninth in the world and first in Africa. The remaining proven recoverable reserves of natural gas 14908.438+0 billion cubic meters, ranking 2 1 in the world).
Oil and gas fields are mainly distributed in the Sirte Basin in the north, with proven oil reserves accounting for 80% of Libya's total reserves and oil production accounting for 90% of Libya's total output. There are Samai, Beida, Lajiba, Dakhla-Hovla and Bashi oilfields. There are 12 large and extra-large oil fields with reserves exceeding10 billion barrels. In addition, Libyan oil has the characteristics of good oil quality, low sulfur content and low exploitation cost.
According to the estimation of Libyan National Oil Company, the crude oil shipment at Es Sider oil port is reduced by 765,438+million barrels per day due to pipeline explosion. Tests will be conducted after the repair, but it is not clear how long it will take to resume normal operation. Waha Oil Company, which runs the pipeline, said that the explosion was caused by a "terrorist attack", but did not disclose the specific situation.
Hurricane, Middle East conflict, the dispute between the Organization of Petroleum Exporting Countries (OPEC) and American shale oil, all of which have led to the continuous rebound of oil prices from the worst collapse in the past two or three decades, and are destined to rise for the second consecutive year.
The benchmark crude oil futures contract entered the bull market in September this year, and the annual increase has exceeded 1 1%. The reduction of production by the allies such as the Organization of Petroleum Exporting Countries and Russia has eased the oversupply in the global market, pushed up the oil price, made the geopolitical situation in the Middle East tense, and interrupted the North Sea, Canada and Libya oil pipelines.
Summary: 20 18 One of the major concerns of investors is whether American production will weaken the effect of OPEC's production reduction. Market speculation, with the rise in oil prices, American oil companies will increase their production capacity, and American crude oil supply is expected to reach the highest level in history in 20 18.