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Libyan oil exports briefly pick up, NOC gears up for cautious return

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Listen: Libyan oil exports briefly pick up, NOC gears up for cautious return

Libya exported some crude and condensate from its storage caverns at the Zawiya terminal this week, a first from this port in almost four months. But with the civil conflict still brewing in the volatile North African oil producing powerhouse, a full or sustained return of Libyan oil is unlikely.

When these barrels do come back, they will face a crowded sweet market place along with an oil market still reeling from a huge demand loss brought upon by the Coronavirus pandemic.

Platts reporters Eklavya Gupte, Charlotte Bucchioni and Nicholas Baldwin tell Joel Hanley the latest.

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