Attacks on oil infrastructure in Libya and the Gulf are straining global oil supply, with data reported by the International Energy Agency.
5 reports, 1 independent
Updated Aug 25
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What happened
Attacks on oil infrastructure in Libya and the Gulf are straining global oil supply, with data reported by the International Energy Agency.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Libya
sovereign state in North Africa
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International Energy Agency
autonomous intergovernmental organisation
Related events
- Global oil supply is strained by conflicts involving Libya and Iran, while disruptions from Ukraine and Russia reach facilities in Kazakhstan and Omsk.
- Political talks are underway to address management issues within Libya's oil sector.
- Talks are underway regarding a power-sharing deal in Libya, involving discussions on unifying military and economic bodies and securing new oil drilling rights.
- Global energy supply chains are disrupted by conflicts, leading to calls for G7 meetings and coordinated oil reserve releases for Europe.
- EIA data indicates a global oil deficit, while ongoing conflict is concurrently driving crude oil prices upward.