The diplomatic breakthrough on the Korean Peninsula is taking away one source of geopolitical risk for oil markets, at least for now, with prices dipping in early trading on Friday. Libya oil exports resume at Es Sider. After a brief outage, Libya’s Es Sider export terminal resumed shipments. A pipeline suffered damage from an explosion last Saturday, leading to a temporary outage of 80,000 bpd, but the pipeline has since been repaired. Separately, Libya’s eastern military leader, Khalifa Haftar, returned to the country after a hiatus in France for medical treatment. His absence fueled speculation about a return to instability, which threatened new oil supply disruptions. China’s refinery maintenance. At least six state-owned and private oil refineries will shut down in May and June for maintenance. The pause could result in a 10 percent decline in refinery […]