Welcome to the Fuel Matters Blog

A resource to help you buy and manage fuel better

Libya


The Latest From Libya

By: Matt Reese / Posted on: July 10, 2020

The National Oil Corporation in Libya (NOC) is eager to reopen one of their main export hubs this week, marking the first movement from the OPEC member since oil terminals were placed under force majeure at the beginning of this year after the occupation of the Libyan National Army (LNA). As the blockade reaches into its seventh month and Libyan oil production plummeting from 1.2 million bpd to 100,000 bpd during this period, the LNA and NOC are currently negotiating the restart of oil production.

Read More

Libya in Limbo

By: Matt Reese / Posted on: June 16, 2020

The United States has joined the United Nations and Libyan government’s investigation into the potential brokering of an unlawful sale of Libyan oil by General Khalifa Haftar.  The rebel general reportedly traveled to Venezuela to discuss oil contracts to raise money for his Libyan National Army (LNA) through the sale of crude oil.  Libya’s National Oil Corporation (NOC) is the only legal entity allowed to market Libyan crude as a result of sanctions given by the United Nations during the country’s civil war.

Read More

Libya’s Oil Export Problems

By: Daniel Guttman / Posted on: January 29, 2020

Libya is an OPEC member nation in Africa, according to their information on OPEC’s website, “Libya is the 16th largest country in the world in terms of land mass, comprising around 1,760 thousand square kilometres. More than a quarter of the country’s six million plus inhabitants live in its capital city, Tripoli. Arabic is the main language. Apart from petroleum, Libya's other natural resources are natural gas and gypsum. Its economy depends primarily on the oil sector, which represents about 69 per cent of export earnings. Moreover, the oil and gas sector accounts for about 60 per cent of total GDP.” Unfortunately, Libya is in the middle of civil war, starting in 2011 with the fall of Col. Muammar el-Qaddafi. The fight is between the United Nations-backed government seated in Tripoli and the Libyan National Army based in the eastern portions of the country, and unfortunately that leaves Libya’s National Oil Company sitting in the middle trying to remain a neutral party.

Read More

Geopolitical Grind

By: Matt Reese / Posted on: April 24, 2018

The world energy markets are watching intently as the Trump Administration has until May 12th to decide whether or not to restore U.S. economic sanctions on Iran.  Will the outcome alone be the tipping point of the 16% rally in WTI this year?  The answer in short, is no.

Read More

Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.

Subscribe to our blog

Price Feed

Stay up-to-date on current fuel prices and market trends with our NYMEX price feed (15 minute delay to the live market).

© 2018 Market data provided and hosted by Barchart Market Data Solutions. Fundamental company data provided by Morningstar and Zacks Investment Research. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.

Categories

RSS FEED

feed-icon-28x28.png
Contact Us