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Commodities Briefing - Categorized | Oil, Price Watch more

Libya and international oil groups pay the price for unrest

Posted on 17 September 2013

International oil companies are counting the cost of months of unrest in Libya that have reduced the country’s production to a trickle and cast renewed doubt on the attractiveness of the north African country for investment.
Militias and striking workers have combined to close a series of export terminals and oilfields, cutting output from 1.4m barrels a day at the start of the year, to less than 200,000 b/d today, according to analysts………………………………………..Full Article: Source


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