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

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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10 hours ago, Marina Schwarz said:

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. 

It would be interesting if the US interfered with foreign countries to prop up oil prices, thus increasing domestic oil's market share.

The justification could be "tit for tat": if you're a member of a cartel, then you're fair game. 

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