OIL MKT DRIVERS: Libya Pipeline Fire; Vitol Sees Firm Outlook

By Alex Longley

(Bloomberg) —┬áSummary of what’s shaping the oil market on Monday: Libya’s Waha production falls after pipeline fire. China data shows record gasoline and diesel exports last month. Vitol sees further reductions in global oil inventories in 2H.


* Libya’s Waha output said to drop to about 260k b/d on fire
* Trader Vitol sees “firm” crude market for 2018: Bake
* Record Chinese fuel exports rattle world’s biggest oil market
** World’s top oil consumer shipped a record 457,903 b/d of gasoline and 572,735 b/d of diesel in March

* Iraq to expand southern oil-export capacity to 5m+ b/d: SOMO
* Azeri energy minister says no plans to join OPEC: Interfax
* U.A.E.’s Mazrouei: Not in the business of managing oil prices
* Halliburton writes down entire Venezuelan oil-services Work
* AIPN International Petroleum Summit in London, 1st day of 3, including BP CEO Bob Dudley, Pemex CEO Carlos Trevino and speakers from Shell, Tudor Pickering, Eni, Total, Repsol

To contact the reporter on this story:
Alex Longley in London at alongley@bloomberg.net

To contact the editors responsible for this story:
Alaric Nightingale at anightingal1@bloomberg.net
Brian Wingfield, Rachel Graham