S&P: Suspension of Libya’s oil export may increase Azerbaijani oil price

S&P:  Suspension of Libya’s oil export may increase Azerbaijani oil price
  • Clock-gray 16:05
  • calendar-gray 21 January 2020

Suspension of Libya’s oil export may increase price of Azeri Light oil, APA-Economics reports citing S&P Global Platts.

If major oil fields and export terminals of Libya continue to remain closed due to the tense political situation, the country will have to decrease crude oil production more than 10 times and it will lead to an increase in the price of Azeri Light oil.

Moreover, the prices of Algeria’s Saharan Blend oil and Kazakhstan’s CPC Blend oil is expected to increase.

Mirsaid İbrahimzade

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