By Alex Longley

(Bloomberg) —

Summary of what’s shaping the oil market on Tuesday: Forces of Libyan Commander Khalifa Haftar handed control of ports in east of divided North African nation to a rival of the internationally recognized National Oil Corp. Suncor says Syncrude is conducting return-to-service plan. API inventory data due later.

* API issues weekly U.S. oil inventory report at 4:30pm ET
* U.S. crude stockpiles forecast to show drop of 2.5m bbl last week in more definitive EIA data on Wednesday

 ** Gasoline forecast +1m bbl, distillates +1.5m bbl


* Libyan forces hand oil ports to energy company in Benghazi in east of country

** “All oil facilities, all oil ports — not just the ones in the oil crescent but even Hariga port — all oil sectors, oil pipelines, all facilities will be handed over to the National Oil Corp. in Benghazi,” General Ahmed al-Mesmari, spokesman for Haftar forces, said on Monday in televised news conference
** NOTE: Internationally recognized National Oil Corp. is based in Tripoli, in the west of country

* Suncor says Syncrude is conducting return-to-service plan

** Syncrude is conducting comprehensive assessment of June 20, site-wide power disruptions that shut all processing units at its upgrader facility, spokeswoman says in email

* Kuwait minister: Oil output from shared Saudi fields expected soon
* Russia Urals crude exports from Ust-Luga to hit 2 1/2 year low
* Nigerian crude loadings to dip in August: plans for 15 grades
* Kazakhstan puts Kashagan’s oil output at 320k-330k b/d: Interfax

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Alex Longley in London at

To contact the editors responsible for this story:
Alaric Nightingale at
John Deane, Fred Pals