Libya’s power divisions could once more fracture its oil output – as markets question for how long
Publishing timestamp: 2024-08-28 07:58:09
Summary
Political standoff in Libya risks oil sector paralysis, but long-term oil price support is in question. Oil prices rallied on Monday on Libyan reports but surrendered gains on Tuesday. Disruptions in Libya's oil production may not last long term due to past history of transient disruptions. Oil prices were down on Wednesday.
Sentiment: MIXED
Keywords: energy, business news, markets, oil and gas, breaking news: politics, wti crude (mar'23), ice brent crude (apr'23), politics, breaking news: markets,