Aug 7 (Reuters) - West Africa-focused Tullow Oil (TLW.L) , opens new tab posted a higher profit for the first six months of 2024, helped by higher crude prices.

Crude prices have edged higher in the first six months of the year, getting a boost from an OPEC+ production cut extension, supply worries from escalating tensions in the Middle East and expectations of interest rate cuts from the U.S. Federal Reserve.

Tullow said its realised oil price after hedging for the reported period was $77.7 per barrel, higher than $73.3 per barrel last year.

Total production for the first-half of the year rose marginally to 63.7 thousand barrels of oil equivalent per day (kboepd), from last year's about 62 kboepd.

The company posted a profit of $196 million for the six months ended June 30, higher than the $70 million it posted last year.

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https://www.reuters.com/markets/commodities/tullow-oil-reports-higher-profit-first-half-2024-2024-08-07/