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Libya’s biggest oil field is being held hostage, but even that won’t boost prices

Libya’s biggest oil field is being held hostage, but even that won’t boost prices

Libya’s state-owned Nation­al Oil Com­pa­ny declared force majeure on oper­a­tions at its biggest oil­field late Mon­day night amid a stand­off with armed pro­test­ers, expect­ing a loss of 315,000 bar­rels per day for the OPEC mem­ber.
Source: CNBC RSS

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