[ No headline ]

The worldwide oil surplus seems to be putting a squeeze on Libya. That controversial North African state grudgingly dropped its oil price from OPEC and non- OPEC producers are beginning to charge, say oil industry sources.

Now some of Libya's buyers are going elsewhere. British Petroleum has suspended its 55,000 barrels-per-day (b.p.d.) contract. Conoco and Occidental are considering doing likewise.

From 1.6 million b.p.d. early this year, Libyan output has fallen to 1 million and could continue down to 650,000.m

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK