Libya Stuns Oil Market With Rapid Recovery ...Middle East

OILPRICE - Economy
Libya Stuns Oil Market With Rapid Recovery
source : OILPRICE ( Middle East ) () 19
Libya has stunned everyone by fairly quickly ramping up to 1.2 million bpd in a matter of months. That’s an impressive feat impressive given the damage that was done. But as we have said repeatedly in this newsletter, this is far from over. And as we have also said repeatedly, this isn’t about oil production; it’s about revenue distribution. If revenues aren’t distributed in a manner that is satisfactory to General Haftar, there will be another blockade.Yet, the markets seem able to focus only on the amount of oil Libya…

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