GeopoliticOIL: Libya
A fire sparked by electrical problems at AsSarir oilfield in eastern Libya adds to risks of lingering production woes from fighting in southern Tripoli.
A fire sparked by electrical problems at AsSarir oilfield in eastern Libya adds to risks of lingering production woes from fighting in southern Tripoli.
Talks between the United States and Iran are unlikely despite Japanese efforts to serve as an intermediary. Foreign tankers, meanwhile, picked up Iranian oil in May despite US sanctions.
Last night’s appearance on CNBC Asia covered the OPEC / NOPEC production cut deal, as well as US shale, emerging market demand and market balancing.
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