(Alex Longley - Bloomberg) - Previous oil supply disruptions in Libya have seen replacement barrel pulled from the North Sea into the Med, according to a presentation from research firm Onyx Advisory.
- Disruption from current tensions could see more North Sea crude head to the Med, supporting time spreads, and CFD structure.
- Libyan disruption would ease longer-term oversupply of light-sweet crude, potentially lifting gasoline cracks and Brent's premium to Dubai.
- What Libya's Renewed Fighting means for oil markets.