• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 9 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

U.S. Crude Oil, Gasoline Inventories Boom

Editorial Dept

Editorial Dept

More Info

Global Energy Advisory April 29th 2016

Politics, Geopolitics & Conflict

Splitting the Libyan Spoils

Let’s get Libya out of the way first. It should not be necessary to mention this, and in general we find it inadvisable to comment on foreign policy issues brought up by the campaigning of Donald Trump; however, because the U.S. intelligence community has seen fit to respond, we will note only that the Islamic State (ISIS) is not known to be selling Libyan oil. It has not made it that far. There is also the question of what ISIS would actually do with a major oilfield. It can manage small ones, but does not have the capacity to run a big one. Right now, their tactic is to threaten the big fields in order to use that as leverage to throw a wrench in unity government negotiations.

Moving on to what’s really going on in Libya, control of the country’s oil reserves is indeed in question. ISIS is not the biggest threat in this respect. The eastern “government” in Tobruk is using its own branch of the Libyan National Oil Company (of Benghazi) to attempt to export oil unilaterally. It has in fact sent out its first cargo, bound for Malta; however, Malta is not allowing the cargo to dock and the UN has blacklisted the tanker carrying it. It’s since been ordered back to Libya, but it’s not going to offload its precious cargo without direct orders from the UN. The other Libyan government (the second of three) based in and controlling the capital, Tripoli, had…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News