| In 2011, when the Libyan crisis broke out, oil prices started to climb. Libya was a major producer of oil, pumping around 1.4 million barrels per day (bpd). With the Libyan crisis now resolved, production is coming back to normal levels but tensions in the oil market remain thanks to two countries- Iran and South Sudan.
While much has been written about Iran and Strait of Hormuz, very little has been written about South Sudan and its oil supplies. With the country having a disagreement with its neighbour Sudan, South Sudan has closed down its export...............................................Full Article: Source
|