Energy · 25 views
Is Libya Quietly Becoming the Biggest Oil Prize the West Can’t Afford to Ignore?
Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author.
Summary
Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… At around the same time as OPEC raised its long-term oil demand forecast for the third consecutive year — now expecting global consumption to rise 19 million barrels per day (bpd), or 18%, by 2050 — Libya’s state-owned National Oil Corporation (NOC) announced that the country’s oil production is now at the highest level in 13 years.
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