Libyan oil minister Mohamed Oun
No end in sight to Libyan stasis
Questions over the oil minister's competence are another new low for the crisis-racked North African producer
The chaos enveloping Libya’s oil sector has gone from bad to worse in June. Conflicting updates on the state of the country's production can now be added to blockaded ports and political wrangling. Confidence in oil minister Mohamed Oun has not been enhanced by his claim last Monday that protests had caused output to fall to 100,000bl/d, despite his officials insisting the true number was 700,000bl/d. Yesterday, Oun conceded said officials were correct, without explaining the discrepancy. The confusion has done nothing to reassure oil markets that Libya’s upstream sector has any sort of hand on the tiller, never mind a steady one. Protests began again in mid-April, shutting down two fields i
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
