Libya’s dangerous oil deal
The UN-brokered ports deal with Jadhran cannot, on its own, increase the country’s oil output. But it may worsen the conflict
MORE bearish news for oil prices seems to be coming from Libya, where a deal to reopen the country's main oil-export terminals is in place. State firm National Oil Company (NOC) talks of increasing output from around 200,000 barrels a day now to 0.9m b/d by the end of the year. It would stall any oil-market recovery. US air strikes on 1 August targeting Islamic State (IS) in Sirte should also help diminish the terror group's threat to energy installations in Libya's central oil crescent. Repeated IS attacks in the past year led NOC to impose force majeure on fields. The US involvement - at the behest of the Government of National Accord (GNA) - in tandem with the ports deal, suggests an outp
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
