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North Sea Oil may get lift from any Libya disruption: Onyx Advisory

10th June 2020

(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.

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