Libya’s Crude Oil Exports Set to Recover?

  • There is much speculation in the commodity markets that there will be a resumption of Libyan crude oil exports.
  • Subsequently, Brent prices have fallen to four-month lows.
  • In spite of a daily oil production capacity of 1.6 million barrels per day, Libya is currently only producing around 250,000 barrels per day.
  • Now, if Libya were to return to anywhere near to full production capacity, it would have serious repercussions on the supply and demand equilibrium of global crude oil.

Libya's Crude Oil Exports Set to Recover

Source: Bloomberg, OilPro

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