Escalating Protests in Libya Threaten Oil and Gas Supply
The anti-government protests in Libya over power cuts and high electricity bills over the past few days escalated on Tuesday, with protesters entering the Mellitah Oil and Gas complex and threatening to halt gas and fuel supplies for both the domestic and international markets. Libya’s capital Tripo
Source: OilPrice.com
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DW NOTE
Libya has shut production multiple times since 2011 over local grievances that have nothing to do with global supply and everything to do with who controls the revenue. Markets barely flinch anymore because Libyan outages are usually measured in weeks, not months, and someone always restarts the valves once a deal is cut.