North Africa buffeted by fragile politics and markets
Libya's oil output is recovering. But both it and neighbour Algeria are struggling to market their barrels
Libya's violent ructions have recently inveigled the Gulf states, with the launch of air strikes by United Arab Emirates (UAE) fighter planes on Islamist militia targets in late August. That military engagement reflects the Gulf's discomfort with the rise of jihadist Islam, which they view as an existential threat. But the large Middle Eastern oil producers also see Libya as a challenge in more practical terms; given the dampening impact that reviving Libyan production is having on prices. The outage of more than 1 million barrels a day (b/d) of Libyan crude between mid-2013 and mid-2014, as a potent mix of industrial unrest and militant action sent production plummeting as low as 200,000 b

Also in this section
4 April 2025
With extreme weather, refinery closures and geopolitical uncertainty reshaping supply and demand, traders must look beyond headline price movements to understand the actual state of the market
4 April 2025
The April 2025 issue of Petroleum Economist is out now!
4 April 2025
Renewed China tensions threaten island’s inflows of oil and gas from overseas
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch