- Libya's oil output has increased during the past week to 700-800 MBbl/d, said Energy Minister Oun after he announced on June 13 that production was down to 100-200 MBbl/d
- However, production is down from last year’s average of 1.2 MMBbl/d
- Libya's production has been unstable since mid-2020 (whenever they last returned production) due to rising political tension and protests at energy fields and ports
- Russia surpasses Saudi to be the top crude supplier to China in May
- Russian oil imports from ports in Europe and the Far East, as well as supplies pumped through the East Siberia Pacific Ocean pipeline, reached a daily total of roughly 1.98 MMBbl/d, 55% up year-on-year, according to Chinese customs data
- This continues to indicate that Moscow is able to find buyers for its oil despite western sanctions, though it has had to slash prices