* Two affected ports account for 40% of nation’s oil shipments
* Country has struggled to stabilize exports amid war, unrest
By Salma El Wardany
(Bloomberg) —
Two of Libya’s biggest oil ports stopped loading crude after armed forces clashed nearby, taking more barrels off the market just as OPEC mulls proposals to boost production.
Oil Slips on Signs Russia Boosted Crude Output Before OPEC Meets
* Russian supply is said to have topped level envisioned by OPEC
* WTI falls toward $65 a barrel after 0.3% decline on Friday
By Grant Smith
(Bloomberg) —
Oil extended declines as Russia was said to increase output before it meets with OPEC, adding to signs that a global coalition of producers is unwinding a pact to restrain supply.
* President Trump criticized OPEC for raising prices too high
* Saudis, Russia have proposed gradual increase in second half
By Fiona MacDonald, Grant Smith and Jennifer Jacobs
(Bloomberg) —
The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter.
* Global consumption is solid, but risks are growing: BofAML
* WTI trades below $66 after falling 7.7% in previous two weeks
By Heesu Lee
(Bloomberg) —
Oil held losses below $66 a barrel after an OPEC committee stressed the need to ensure supplies can meet growing demand, adding to speculation the group will phase out its production cuts.
