The Market May Be Misinterpreting Libya's Oil Blockade

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 23 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 68%

Libya 뉴스

Crude Oil,Oil Prices,Haftar

The oil market might be misinterpreting the recent rise in Libya's oil exports, which is more likely to represent a run-up to the next clash between clans rather than a conflict resolution.

Claims that the rival governments in Libya will soon resolve their differences and entirely lift the blockade on oil exports put in place by the Haftar clan in the country’s east seem hard to believe. Two weeks ago, we saw Libya’s oil exports plummet by over 80% week on week, with the NOC canceling cargoes. For the past week, exports have reportedly ticked up to an estimated 550,000 bpd, from the 1-1.2 million bpd Libya was exporting prior to the August 26 blockade.

What they mean by that is they cut a deal with their various militia backers in these headquarters to hand control over to the interior ministry for a unified front against the Haftar clan should they attempt again to take the city. The Haftar clan is busy, as well, and still making oil money through a private Benghazi-based oil company Arkenu Oil that is being allowed free reign to bypass the blockade and export to international markets.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 34. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Why a cooling of the Nvidia party might be no bad thing for US stocksInvestor attention may focus more on the broader market, which is in fine fettle
출처: FT - 🏆 113. / 51 더 많은 것을 읽으십시오 »