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Like a week earlier, during last week, the main events that affected the oil quotes, unfolded in Libya. At the beginning of the week, world oil prices peaked in the last five months.B

rent was able to take the psychological mark of $ 70 a barrel. The head of the Libyan National Oil Corporation (NOC) Mustafa Sanalla warned that after the escalation of the conflict in the republic and after the head of the national army of Libya, Field Marshal Khalifa Haftar decided to take control of Tripoli, the country's energy sector faced the most serious threat from the beginning civil war in the republic in 2011. This information, he voiced an interview with the Financial Times (FT). In connection with this, he appealed to the world community for help. The Financial Times said that in recent years, the head of the NOC has fought to ensure the independence of the Libyan National Petroleum Corporation from the various groups that have been fighting for control of Libya since the fall of Muammar Gadhafi in 2011. Sanalla argued that it is imperative that the country's main resource remains independent. NOC was even compared with the glue, which does not allow Libya to disintegrate. An action plan in case the battle zone is expanded is already discussed in the Libyan NOC. According to Sanalla, he, in particular, provides for the evacuation of workers from the largest oil fields.

The conflict in Libya escalated in early April. This happened after Haftar announced the start of an attack on Tripoli. On the same day, the first clashes between his army and the troops of Faiz Saraj, who heads the Libyan government of national unity, began. After that, the beginning of a military operation against the Libyan National Army was announced by the troops of Saraj. The current market situation looks quite favorable for shale oil producers. Last November, when the oil rally came to an end and prices fell by a quarter, shale producers entered austerity mode. They urgently cut budgets for the 2019th - for the first time in the last three years. Centennial Resource Development, Diamondback Energy, and Parsley Energy, major shale producers, cut spending by about 15 percent. Now the WTI barrel is quoted at $ 63.

However, even now everything is not so rosy. As shown by a study of the Federal Reserve Bank (FRB) of Dallas, the problems of shale oil producers will not be resolved. Only giants, such as ExxonMobil and Chevron, feel well: they continue to increase production, expanding their activities in the Permian basin. However, among small and medium-sized enterprises the crisis of under-financing is aggravating. Even despite the increase in quotations, investor interest in the industry continues to decline, since the vast majority of shale projects continue to bring only losses. Compared to 2016, investments were halved. Analysts are sure: due to problems with profitability and lack of investment, the oil shale industry will enter a new crisis that many players will not survive. And the current growth of quotations will not save them.

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