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Libya Awards Fuel Supply Deals To Western Firms, Aims To Cut Russian Imports
Market Intelligence Analysis
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Why This Matters
Libya has awarded fuel supply deals to Western firms, including Vitol, Trafigura, and TotalEnergies, in an effort to reduce Russian fuel imports and reboot its oil sector.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Giant oil and commodity traders, including Vitol and Trafigura, alongside French Oil & Gas multinational TotalEnergies (NYSE:TTE), have won tenders to supply Libya with diesel and gasoline in a clear effort to cut imports of Russian fuel, Reuters reported on Wednesday. Libya is moving to reboot its oil sector, 15 years after the 2011 uprising that toppled Muammar Gaddafi fractured the country’s energy infrastructure and investment climate. Authorities are targeting an increase in crude production from around 1.4 million barrels…
Original article published by
OilPrice.com
on February 18, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.