Oil output from Libya, Kazakhstan increases on receding geopolitical fears, pipeline restoration

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Oil output from Libya, Kazakhstan increases on receding geopolitical fears, pipeline restoration
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Oil output from Libya, Kazakhstan increases on receding geopolitical fears, pipeline restoration By anilpanchal7 Oil NewsTrading WTI Commodities RiskAppetite

Reuters quotes Chevron to mention, “Kazakhstan's largest oil venture Tengizchevroil is gradually increasing production to reach normal rates at the Tengiz field after protests limited output there in recent days, operator Chevron said on Sunday.”

On the other hand, Libya’s National Oil Corporation mentioned, “Maintenance work for the main crude transmission line at Al-Waha Oil Company has been completed.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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