The decision last week by Libya’s Government of National Unity to approve the sale of Hess Corporation’s stake in the Waha oil concessions could reignite Libya’s oil boom While there may be a short-term drop off in output from Waha, in the long-term it will likely return to their previous impressive levels Ongoing political struggles could hurt the countries oil industry, but recent proposals from the oil and gas ministry on revenue sharing could help reduce those tensions Given the delicate supply and demand balance at play in the oil market, which, as analyzed in-depth in my new book on the global oil markets , is likely to remain for some time, even relatively incremental additions to that supply on the margin can be significant. Last week, the country’s Minister of Gas and Oil, Mohamed Aoun, stated that it plans to increase oil production to 2.1 million barrels per […]