The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. For weeks, Libya’s oil production has held up surprisingly well. Oil traders probably won’t touch oil not blessed by Tripoli and the legitimate National Oil Corporation. All of this means that there is quite a bit of risk to a major supply outage in Libya. “In late April, for example, an armed group launched an attack on the LNA-controlled El Sharara oil field,” the Verisk Maplecroft report warned.

Source: Libya Today May 16, 2019 22:52 UTC