Libya: Another False Dawn?


Crude production is just over 200,000 b/d with almost all export terminals still shut-in. The hapless provisional government remains unable to prevent a plethora of interest groups taking the oil sector hostage. A mooted deal could end blockades of key eastern terminals by Sunday, but it is too early for optimism.


The stalemate that has brought Libya’s oil industry to its knees could end after a prominent tribal leader...