Strife area: Clashes halted what would be the first shipment from Ras Lanuf export terminal since 2014. – Reuters
HONG KONG: Oil rebounded from the lowest close in more than a month after clashes halted what would be the first crude shipment from Libya’s Ras Lanuf export terminal since 2014.
Futures rose as much as 2.1% in New York after losing 2% Friday. The tanker Seadelta suspended loading after fighting started Sunday between local Petroleum Facilities Guard units and forces loyal to eastern-based military commander Khalifa Haftar. The Organisation of Petroleum Exporting Countries (Opec) may call an extraordinary meeting if ministers reach consensus at an informal gathering next week, secretary-general Mohammed Barkindo said, according to Algerian Press Service.
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