Libyan Oil Production Rises and Falls

As fighting between rival government forces in Libya continues, the country’s oil production sharply rises and falls. Production was reported to be 900-thousand barrels a day in September, but that fell to about 500-thousand barrels by November. Nevertheless, there’s plenty of crude available to meet world demand. Libyan crude oil is among the world’s best because it can be refined into many products. But it no longer has the same market share it once did. John Kingston is global...

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