icon
icon
icon
icon
Upgrade
Upgrade

News /

Articles /

Oil Daily | Libya Restarts Mabruk Oilfield, Aims for 25,000 bpd Amid Indian Surge in Russian Crude Imports

Market BriefThursday, Mar 13, 2025 8:00 am ET
1min read
【Global Oil Supply and Demand】

Data centers and lng exports are driving record high U.S. natural gas demand, says EQT's Toby Rice, but infrastructure issues hinder growth. Pipeline shortages have led to rising electricity bills, with AI and LNG exports as key demand drivers. U.S. LNG production could average 105.2 billion cu ft daily, contingent on pipeline availability.

Ukraine plans to import U.S. LNG via EU terminals due to damaged domestic infrastructure. Ukraine's gas system operator aims for at least 4 billion cubic meters of imports between April and October. Political preference leans towards U.S. LNG over competitors, contingent on price differences.

Indian crude oil imports from Russia are recovering after U.S. sanctions caused a dip. Non-sanctioned tankers are increasingly used to transport Russian Urals crude to India, with imports on track to reach 1.54 million bpd. India remains a major buyer of Russian oil, benefiting from below-cap prices.

【Oil-Producing Countries Dynamics】

Libya resumed production at the Mabruk oilfield after a decade-long halt, aiming to increase output to 25,000 bpd by July. Plans to expand production to 2 mb/d by 2028 require significant investment. Kuwait also aims to double its output to over 4 mb/d by 2035, focusing on its Neutral Zone and domestic fields.

【Latest Oil Policies】

The EPA is reviewing the 2009 Endangerment Finding, which could impact future climate policies. Dismissal could alter regulations on emissions from power plants and other sectors. Energy Secretary criticizes the finding's negative impact, with calls for regulations to be science-based.

【Industry News】

U.S. LNG exporters, including Energy Transfer, are renegotiating contract prices due to rising costs impacting project profitability. Construction, liquefaction, and labor expenses have made new LNG projects costlier, prompting ongoing price negotiations.

A group of large energy users, including Amazon, Google, and Meta, pledged to triple global nuclear capacity by 2050. The pledge, made at CERAWeek 2025, aims to enhance energy security and support the global energy transition, with nuclear power as a key component.

【Company News】

NextEra Energy plans to double its $20 billion investment in Texas, focusing on renewable development. CEO John Ketchum emphasizes the need for diverse energy sources, including renewables and nuclear, to meet U.S. electricity demand growth predictions.

RWE signed a deal to supply TotalEnergies with green hydrogen from 2030 to 2044, marking one of the largest agreements for green hydrogen globally. The hydrogen will be produced at RWE's Lingen electrolysis plant and used to reduce emissions at Total's Leuna refinery.

【Others】

Bolivia's state energy company YBFB plans to use cryptocurrency for energy imports due to dollar shortages amid a fuel crisis. The move follows Venezuela's failed attempt with its petro cryptocurrency. Bolivia aims to address currency issues while maintaining energy supply.

Ask Aime: How do rising electricity bills and pipeline shortages affect US natural gas demand and LNG exports?

Comments

Post
rltrdc
03/13
LNG exports driving demand, but pipelines are a chokepoint.
0
Ecstatic_Book4786
03/13
RWE and TotalEnergies team-up is smart renewables strategy.
0
shackofcards
03/13
Mabruk oilfield back online, but 2 mb/d target by '28 seems ambitious without major investment. Libya's energy future?
0
lookingforfinaltix
03/13
RWE and TotalEnergies green hydrogen deal is a big move towards cleaner energy. More companies should follow suit.
0
Smurfsville
03/13
@lookingforfinaltix More companies should, but will they?
0
GarlicBreadDatabase
03/13
$TSLA still my main gig, but watching Kuwait's moves.
0
Holiday_Context5033
03/13
EPA review might shake up energy market dynamics.
0
Snorkx
03/13
@Holiday_Context5033 What impact on renewables?
0
No-Explanation7351
03/13
Kuwait doubling output to 4 mb/d by '35? That's a bold move. Curious how they plan to manage it.
0
dantheman2108
03/13
Big energy users pledging to triple global nuclear capacity by '50. Nuclear power seems to be gaining traction. 🤔
0
provoko
03/13
EPA reviewing 2009 Endangerment Finding? Could shake up climate policies. Keep an eye on regs impacting energy sectors.
0
dantheman2108
03/13
RWE and TotalEnergies teaming up on green hydrogen is solid. More renewables, less emissions. 💪
0
McLovin-06_03_81
03/13
EPA reviewing 2009 Endangerment Finding could shake things up. Keep an eye on those emission regulations.
0
Outrageous-Rate-4080
03/13
Libya's oil comeback: bullish or bearish? 🤔
0
WinningWatchlist
03/13
U.S. LNG exporters renegotiating prices due to rising costs. Projects need to be profitable, or they won't move forward.
0
Mojojojo3030
03/13
NextEra Energy doubling down in Texas renewables. Diversifying energy sources is key for long-term growth and stability.
0
James1997lol
03/13
@Mojojojo3030 NextEra doubling up? Bullish move.
0
Lunaerus
03/13
Y'all think Libya can hit 2 mb/d by 2028? They've got a long road ahead with that investment talk.
0
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App