The oil market is facing another bearish trend! Libya breaks political deadlock and is about to fully resume oil production
yzjyb721016
发表于 4 小时前
3337
0
0
On Monday (September 30th) local time, the eastern Libyan parliament approved a new candidate for the position of central bank governor, ending the deadlock surrounding the OPEC member country's control over its massive energy revenue. This means that the country is about to fully resume oil production and exports.
The Eastern Libyan Parliament unanimously supported the appointment of Naji Issa as the head of the central bank during a televised conference that day, and the central bank will appoint new committee members within 10 days.
Insiders claim that the oil industry is expected to receive orders to resume production soon, and it is widely expected that production will resume on Tuesday after the parliament approves a new central bank governor.
This political crisis began in August when the western Libyan government fired senior central bank governor Sadiq Kabir and the eastern government ordered the closure of oil production in response. After various political factions were caught in a power struggle for control of the central bank and oil revenues, multiple oil fields in the country gradually ceased production.
After the sharp decline in oil exports was halted, it had a catastrophic impact on the Libyan economy, which heavily relies on energy revenue to purchase essential goods such as wheat, sugar, and fuel.
Libya is a major oil producing country in the Mediterranean region, and its political situation has been unstable since the outbreak of anti Gaddafi protests in 2011. In 2014, the country split into warring eastern and western factions, and energy resources have been a key battlefield for various factions to compete for political advantages.
It is reported that Libya usually produces about 1.2 million barrels of crude oil per day, but at the end of August, this number dropped to less than 450000 barrels, and the country has not released any new production data since then.
On September 26th, Libya signed an agreement under the mediation of the United Nations, appointing former head of the central bank's issuing department, Issa, as the governor.
UN Deputy Special Representative for Libya, Stephanie Curry, stated that the agreement stipulates that within one week of its signing, the National Assembly will appoint a new central bank governor and deputy governor, and appoint a central bank committee within two weeks of the appointment of the new governor.
Curry claimed that the signing of the agreement marked a brand new beginning. On this basis, all parties in Libya should resolve other unresolved issues through inclusive dialogue and participation in cooperation, paving the way for the unity and restoration of legitimacy of their institutions. Curry emphasized the need to reopen oil production and resume oil exports as soon as possible.
But as before, the agreement reached on September 26th was built on an unstable foundation. The 2020 ceasefire agreement supported by the United Nations successfully ended the fighting, but the country has yet to achieve nationwide elections and the differences between the east and west have not been resolved.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Multiple negative impacts are coming! WTI crude oil hit its largest decline in one month, and the market is closing its position at a "war premium"
- A bearish raid! Vaccine giant official announcement: global delisting! What are the hidden secrets?
- Short sellers suffer a huge loss of 7.2 billion yuan! GME and AMC continue to soar! What scene will happen again in 2021?
- A bearish raid! The concept of "retail investors clustering" in the US stock market saw a 65% drop in leading stocks!
- Is the world's largest market value constantly bearish? Duan Yongping also took action
- Negative attack! Trillion giants have big news! What will happen to the maximum copper mine or strike copper prices?
- Google and Nvidia launched a bearish attack
- Trillion giants suddenly face negative news! Uber fined 290 million euros by Dutch regulatory authorities
- Falling again late at night! Giant Nvidia responds to negative sentiment, with a total market value evaporating by over 3.84 trillion yuan in 5 trading days
- Overview | Multiple negative factors stimulate a significant correction in Nvidia's stock price
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 昨天 14:17
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 昨天 09:33
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 前天 18:36
- 支持
- 反对
- 回复
- 收藏