The Middle East and North Africa region has wielded geopolitical clout far outweighing its share of global population since its early days. It has also had more than its share of armed conflicts, which more than once in modern times have threatened to disrupt global oil supplies. Now the MENA region is again in flux as borders imposed by outsiders or local strongmen collapse and the artificial states they contained fragment, with substantial petroleum output offline or under threat. The biggest impact on oil supplies resulting to date from the past three years of MENA-region turmoil has been in Libya, an OPEC […]