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Libya: Wild Card for Higher Oil Prices
From:
Albert Goldson Albert Goldson
For Immediate Release:
Dateline: New York , NY
Tuesday, April 30, 2019

 
Considerable attention has been focused on the oil production free-fall and possible regime change in Venezuela and the impact on the termination of sanctions waivers of Iranian oil exports to eight countries. However these scenarios were already priced into the market beforehand.

The more insidious development is the potential for a major conflagration or even civil war in Libya, a scenario in which the US shale oil and Opec+would have a difficult challenge in filling the oil supply shortfall.

 This possibility for a major oil supply disruption is discussed in my article Libya: Wild Card for Higher Oil Prices.




 
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