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Marina Schwarz

Libya Outage Fails to Prop Up Prices. What's Next in Oil Shocks?

Marina Schwarz in Oil (General)

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Marina Schwarz    + 1,576

Marina Schwarz

Yeah, glut, yeah, economic slowdwn, yeah, sanction waivers. I think the most telling sign oil markets will never be the same again was (dramatic pause) the fact that a 300,000+ bpd production outage in Libya not only failed to move prices up, it failed to stop the slump. That's bad, to say the least. I was wondering what other surprises of this calibre may be in store next year. 

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