Libya s oil industry is in disarray right when the world needs it more than ever kesq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kesq.com Daily Mail and Mail on Sunday newspapers.
Libyan oil total production is at about 700,000 barrels per day (bpd), the Libyan oil minister Mohamed Oun told Reuters on Monday. Libya’s oil output was at 100,000-150,000 bpd, a spokesman for the oil ministry said last week. Oun did not give details on when or how the output level had risen. Source: Reuters (Reporting .
By Florence Tan SINGAPORE (Reuters) - Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile .
RIYADH: Oil prices edged down on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies. Brent crude futures slipped 8 cents, or 0.1 percent, to $113.04 a barrel by 0242 GMT, after rising as much as 1 percent earlier. Front-month prices tumbled 7.3 percent last week, their first weekly fall in
Libya’s oilfields are expected to reopen soon, after militias have agreed to lift the siege on oil facilities, Parliament-backed Libyan Prime Minister Fathi Bashagha said