Oil Markets On Edge Due To Potential Civil War In Libya
Since mid-April this year, key oil fields and ports have been closed due to protests stemming from a political crisis that has rival factions trying to secure control of oil facilities and oil revenues. Before that, Libya produced about 1.2 million barrels of crude oil per day. Today, the country produces about 85% less, although exact figures are hard to come by, with the Ministry of Petroleum and the National Oil Company (NOC) not cooperating with figures....