Even as hopes arise of a quick resumption of Libyan oil, a whole host of new supply-side worries will ensure that crude production remains tight.
The resumption of Libyan oil will not dent oil prices as supply constraints continue to add up.
While the world searches for Moamer Gaddafi, oil traders are already factoring in the return of Libyan oil supplies to the market. Goldman Sachs expects Libyan oil production to come on line sooner than earlier estimated given the rapid progress made by Libyan rebels in taking over key strategic spots, including oil fields and export facilities.
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