Claims that the rival governments in Libya will soon resolve their differences and entirely lift the blockade on oil exports put in place by the Haftar clan in the country’s east seem hard to believe. Two weeks ago, we saw Libya’s oil exports plummet by over 80% (week on week), with the NOC canceling cargoes.
For the past week, exports have reportedly ticked up to an estimated 550,000 bpd, from the 1-1.2 million bpd Libya was exporting prior to the August 26 blockade. Kpler data from Thursday put Libya’s crude exports so far for…The Market May Be Misinterpreting Libya's Oil Blockade
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