North Africa


Long North Africa’s biggest oil producer, Libya has been chronically unstable since the 2011 revolution that overthrew Qadhafi. At least 2017 was ‘two steps forward and one step back’ with output rising to a four year high of 1mn b/d. But, amid continued inter-factional fighting, the next move could just as easily be down as up.

Libya's Crude Output Had Risen Steadily To A 5-Year High Before Mid-June Port Closures ('000 B/D)
Repsol-Operaded Sharara Maintained 1H Output At Post-Revolution Capacity Of 300,000 B/D In 1H18 Before Mid-July Slump As Facilities Attacked ('000 b/d)
Output From Libya's Waha Concession: Bull Run Ended By Late-June Port Closures