Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider port, a Libyan oil source said, adding that NOC was still assessing the damage. NEW YORK: Oil prices touched two-and-a-half year highs in light volume on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts. Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider port, a Libyan oil source said, adding that NOC was still assessing the damage. Brent crude LCOc1, the international benchmark for oil prices, rose US$1.51, or 2.31%, to US$66.76 a barrel by 11:40 a.m. (1640 GMT.) US shipments to China, one of the biggest oil consumers in the world, have benefited from the OPEC-led output cuts.

Source: Libya Today December 26, 2017 18:00 UTC