Crude Oil

September 05, 2024

Market-moving Libya back in the spotlight

Since the politically motivated suspension of crude oil production in Libya on August 26, the oil markets have experienced a heightened level of volatility, with price fluctuations depending on almost every new headline.

In this episode of the Platts Oil Markets Podcast, Joel Hanley is joined by reporters Charlie Mitchell and Luke Stuart to delve into the country's long history of production woes and discuss the impact of this latest crisis on local and macro oil markets.

Links:

Libyan factions extend talks amid oil shutdown (subscriber link)

OPEC+ weighs delay to Oct output hike amid weak oil prices (subscriber link)

Oil market braces for volatility as supply glut fears drag Brent to 9-month low

Dated Brent -PCAAS00

Es Sider FOB Libya vs BTC Dtd Strip - AAGYH00

Azeri Light CIF Augusta vs BTC Dtd Strip - AAHPM00

Saharan Blend FOB Algeria vs BTC Dtd Strip - AAHPN00