Libya update… Bloomberg – Commodity Research Group

January 26, 2021 by Jim Colburn Leave a Comment

Salma El Wardany, Bloomberg, updates oil production in Libya, here…

“Libya’s oil production rebounded to around 1.25 million barrels a day after a major pipeline was fixed, while efforts continued to end a strike that could halt exports at three of the OPEC country’s ports.”

But, of course, it’s not that simple…
“Despite the recovery, members of a paramilitary force known as the Petroleum Facilities Guard are threatening to stop shipments at Es Sider and two other terminals — Hariga and Ras Lanuf — in a dispute over unpaid salaries. Talks are underway between them and government officials to resolve the issue, people familiar with the situation said.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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