• 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
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days The United States produced more crude oil than any nation, at any time.
  • 4 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 7 days How Far Have We Really Gotten With Alternative Energy
  • 10 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 10 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
Editorial Dept

Editorial Dept

More Info

Premium Content

Is The Libyan War Coming To An End?

Libya

This Weekend, Libya’s Fate Is Decided

Breaking developments in Libya suggest that this is the end game, and what happens over the weekend will determine the fate of Libyan oil. General Haftar has not yet confirmed a ceasefire announced by the speakers of parliament of both rival governments on Friday. This is either the calm before the storm or the start of negotiations to end the crippling oil blockade and hold elections for a new government. 

If a ceasefire does not succeed, Sirte - the gateway to Libya’s oil facilities - will become an instant battleground for regional forces. The Egyptian military, Russian mercenaries, and Haftar’s LNA (with UAE weaponry) against Turkish forces, Syrian and other mercenaries, and the Libyan Government of National Accord (GNA).  

A couple of days ago, Egypt’s Al-Sisi sent a message by courier to General Haftar - right after a meeting in Tripoli between the defense ministers of Turkey and Qatar (both allies of the GNA). No one knows what the message said, but Egypt is locked and loaded for military action in Sirte. So, at this point, there are only two options: A ceasefire or an all-out military confrontation between Turkey/Qatar and Egypt/Haftar, which would have massive implications for the entire region. There would be no coming back from a confrontation on that level, and it would spread across the region. 

The lead-up to this saw some interesting statements regarding…





Leave a comment

Leave a comment




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