Libya’s enduring calamity
A new unity government seems destined to deliver neither unity nor government
Libya now has a third government – and it is about to enter the fray. The UN hopes it will restore stability to the country, but it may worsen the chaos. Either way, oil production – now at a five-year low of less than 300,000 barrels a day – is unlikely to recover soon. Islamic State (IS), thriving on the political disorder, has closed in on Libya’s last remaining onshore oil producers. Tired of waiting for the Tobruk-based House of Representatives (HoR) to endorse a unity government, the UN, US and EU in mid-March officially recognised a new government of national accord (GNA). Libyan opponents immediately dismissed it as a “foreign imposition”. The UN’s GNA gambit is risky. A 17 December
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






