• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 5 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 8 minutes Gazprom fails to exempt Nord Stream-2 from EU market rules
  • 2 hours Trumpist lies about coronavirus too bad for Facebook - BANNED!
  • 10 hours The Truth about Chinese and Indian Engineering
  • 13 mins The World is Facing a Solar Panel Waste Problem
  • 2 days The Core Issue Of US Chaos..Finally disclosed
  • 8 hours Pompeo upsets China; oil & gas prices to fall
  • 14 hours China's impending economic meltdown
  • 23 hours Rational analysis of CV19 from Harvard Medical School
  • 9 hours Why Oil could hit $100
  • 2 days Open letter from Politico about US-russian relations
  • 13 hours Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 19 hours Brent above $45. Holding breath for $50??
  • 13 hours Sell Natural Gas Benefits to Grow the Market!
  • 12 hours Trump Suggests Delaying Election Amid Fraud Claims
  • 2 days Russia Trying To Steal COVID-19 Vaccine Data, Say UK, U.S. and Canada
Oil Prices Could Break $50 In 2021

Oil Prices Could Break $50 In 2021

IHS Markits has raised its…

Massive Losses Force Glencore To Slash Dividends

Massive Losses Force Glencore To Slash Dividends

The coronavirus-fueled demand destruction of…

A Worrying Sign For Two Major Oil Hotspots

A Worrying Sign For Two Major Oil Hotspots

Two of the world's most…

Editorial Dept

Editorial Dept

More Info

Premium Content

COVID-19 In A Civil War

Why Haftar Isn’t Going to Sell Libyan Oil

While there are plenty of political and industry players the world over who would like to see a winner in the Libyan civil war stalemate, the oil and gas market at large would take a significant hit if the conflict were to end and the oil starts flowing again. Not even the myriad of external forces lining up to materially support either General Khalifa Haftar’s ongoing attempt to take Tripoli or the inadequate and militia-backed Government of National Accord (GNA), behind which the UN has hesitatingly thrown its weight, have been able to resolve anything. 

But the coronavirus just might. 

In a country that, until now, has not had a single case, the other shoe is dropping. On Tuesday, Libya reported its first COVID-19 case, and the fear is that it does not have the facilities to contain a spread. 

For now, the National Oil Company (NOC), the neutral voice in all of this, is thinking it will be able to turn the taps back on for 1 million barrels per day of oil. 

Is it realistic?

Those taps are controlled right now by Haftar, and his external allies, which include OPEC king Saudi Arabia, OPEC prince UAE and even Russia (by way of unofficial mercenaries), are not interested in having the general give the green light to start pumping again. So there is very little pressure at all on Haftar to change strategy. That strategy so far has been to put the squeeze on the Tripoli-based…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News