• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 3 hours Oil prices going Up? NO!
  • 1 day Could Venezuela become a net oil importer?
  • 7 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 4 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 2 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 5 hours Could oil demand collapse rapidly? Yup, sure could.
  • 1 day Gazprom Exports to EU Hit Record
  • 2 hours Oil prices going down
  • 1 day EU Leaders Set To Prolong Russia Sanctions Again
  • 1 day Why is permian oil "locked in" when refineries abound?
  • 1 day Oil Buyers Club
  • 2 days Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 2 hours Saudi Arabia turns to solar
  • 1 day EVs Could Help Coal Demand
  • 2 days China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 20 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
Alt Text

Why OPEC Won't Flood The Oil Market

Saudi Arabia and Russia are…

Alt Text

Tesla’s Newest Car Will Have Rocket Thrusters

Tesla CEO Elon Musk tweeted…

Alt Text

Can Oil Pull Greece Out Of Poverty?

Greece’s withering economy could use…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory - 11th April 2014

Libya: Ports Unblocked, for Now

Ports under control of rebel forces have been reopened temporarily, unlocking export capacity of around 600,000 barrels per day. Rebels agreed to the deal after the government met some of their demands, which included relocating the headquarters of its Oil Protection Force to Brega.

So far, as of 7 April, two ports have been reopened: Zueitina and Hariga, while two other ports could be reopened in the coming weeks. With the reopening of two ports now we should see the unlocking of around 200,000 barrels of per day in export capacity. The agreement also tentatively includes government payment of compensation to the rebels, the dropping of criminal charges against them and the halting of the military offensive. For now, the reopening of two ports is being considered as a good will gesture on the part of the rebels.

But the deal also shows cracks in the rebel leadership—particularly among those senior leaders who disagreed with the good will gesture ahead of clear government action on the deal. OP Tactical intelligence reports that some higher-level rebel leaders are positioning themselves against main leader Ibrahim Jadhran, who led the negotiations with the government—some say unilaterally. There are growing divisions among the rebels and this could open the doors for a swifter government response in the area. However, re-opening the ports is a temporary move that does not signal an end to the crisis. The bottom…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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