Attack on Libyan NOC HQ Pushes Up Mediterranean Sweet Crude Oil Prices

published:12/09/2018 07:38 GMT

Uncertainty over the reliability of crude oil loading out of Libya following an attack on the National Oil Corporation's headquarters has pushed up the market value for alternative sweet crudes in the Mediterranean basin, as end-users are left with few alternatives for delivery in a month's time. NOC Chairman Mustafa Sanalla was evacuated from the building in Tripoli during the assault and a number of staff were briefly held hostage before the entire HQ was retaken by security forces, NOC said...More