Libya on the brink
Hopes for the UN's unity government are fading, IS is capitalising on the chaos, renewing its assault on energy infrastructure, and the drumbeat for Western intervention is getting louder
A UN-appointed Government of National Accord (GNA) waits in the wings, but genuine unity and security for Libya remain only a distant hope. Fresh attacks by Islamic State (IS) on two oil-export terminals, persistent efforts by the east to win control of the country's energy sector and ever-deepening factionalism mean events on the ground continue to trump diplomacy. Oil production of 400,000 b/d, a quarter of capacity, looks likelier to fall further than to recover. IS' assault on Ras Lanuf and Es-Sider on 5 January showed, again, the group's ability to strike with impunity in the oil crescent. Nine men from the Petroleum Facilities (PFG) were killed in the suicide-bomb attack. Five storage
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution






