​Brent Prices Jump after Oil-Rich Libya Declares ‘Force Majeure’ Across All Oil Production – Tyler Durden

Brent Prices Jump after Oil-Rich Libya Declares ‘Force Majeure’ Across All Oil Production Brent crude prices are surging above the $81/bbl mark on Monday morning, driven by two major headlines:  Middle East on edge after Israeli strike on Hezbollah targets in southern Lebanon Libya’s eastern-based government said it will stop all oil production and exports The primary driver between the two headlines is Bloomberg’s report that Libya’s eastern government plans to shut down oil production and exports after its Tripoli-based rival moved to replace the central bank leadership.  Libya Eastern Govt Says It Will Stop All Oil Production, Export — zerohedge (@zerohedge) August 26, 2024…  — Continue at ZeroHedge News : Read More