Libyan Oil Industry Stable Despite ISIS Return

Libya’s estimate for its April oil revenues came in as one of its best in a long time, suggesting that the stalemate between the GNA and LNA is yet to impact oil production. It’s not all good news for Libya though, as ISIS is now taking advantage of the security vacuum that has been created by Haftar’s forces focusing on Tripoli. Regarding oil revenues, the NOC reported $1.87 billion for April due to a rise in global crude oil prices and a busy loading scheduled at the end of March. This loading schedule resulted in cargo receipts…