Given the relatively delicate supply and demand balance currently at play in the oil market, and broader geopolitical nervousness over what comes next in the Ukraine-Russia conflict, short-term focus has fallen upon the likelihood that present supply disruptions in Libya will continue for much longer. The importance of Libyan crude oil output and of no additional serious geopolitical disruption adding to the volatility component in oil pricing was highlighted in the recent strong statements from the U.S. ambassador to Libya, Richard Norland. He…
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