Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (22801)	10/4/2016 3:40:56 PM
From: Goose94	Read Replies (2) \| Respond to of 202704

Crude oil: Libya increases oil production to 0.5 mb/d. After years of outages, Libya is finally poised to breathe new life into its oil sector. The war-torn North African country has succeeded in bringing some key oil ports back online, and production has jumped to 500,000 barrels per day (bpd), up from 260,000 bpd as recently as this August. The National Oil Company says that is just the beginning. It expects to see output rise to 600,000 bpd by the end of October, and is ultimately targeting 950,000 bpd by the end of the year. Libya is exempt from the recently announced OPEC production cut, and if it succeeds in ramping up production, it could potentially overwhelm the cartel’s planned cutbacks. Iran signs $2.2 billion oil contract, with new model. Iran secured a contract with Persia Oil & Gas Industry Development Co. to increase oil production at three oil fields along Iran’s border with Iraq, Bloomberg reports. The $2.2 billion contract was based on Iran’s overhauled framework, a contract that offers oil companies more incentives to boost production. The new oil contract is intended to attract more international investment to help Iran ratchet up oil production in the years ahead.