Inside Report (5)

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

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.