Lybia is not going to be producing in near future , combine the 2 an spreads will return but the market sees it another way for now
Lower Brent, even lower WTI, I'll take it as a crack widening event.
you got it !!
Maybe I got that 180 out.
Not like this:BRENT CRUDE FUTR (USD/bbl.) 110.680 -0.240 -0.22% 05:59WTI CRUDE FUTURE (USD/bbl.) 93.650 0.480 0.52% 05:59
The current troubles are not impacting the actual oil producing capability, I don't see refineries burning.I think the new regime is going to go into the money producting business real soon, the 1/2 Trillion in Kadoofis funding notwithstanding, the future is oil.
in the past it has taken ten years after a war to return productionto pre war levels , why would Lybia be any different ?