Crude oil moved sideways after last week’s selloff driven by potential increase in Libya’s exports. The Libyan government has instructed National Oil to start marketing supplies from the Es Sider and Ras Lanuf ports as rebels handed them over. According to the Oil Ministry, Es Sider can load 340K bpd while Ras Lanuf can load 220K bpd, compared with Libya’s pumping of 300K bpd last month due to disruption and the pumping 1.13M bpd in June 2013.
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