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The price of oil today rose to more than a weekly maximum after the shutdown in two large fields in Libya, which could drastically reduce supplies from an OPEC member country. Brent futures rose 1.23% to $65.65, previously reaching $66.00 per barrel, the peak since January 9. Futures for WTI crude oil rose 1.11% to $59.50 a barrel. Before, the Libyan National Oil Corporation (NOC) reported that two large oil fields in the south-west of the country began to suspend operations after the forces of the Libyan National Army blocked the pipeline. If export from Libya is suspended for a long period, oil production may slow down to 0.8 million barrels per day. Recently, Libyan production was at 1.2 million barrels per day.
Scheduled maintenance will be performed on the server in the near future.
We apologize in advance if the site becomes temporarily unavailable.
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(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines
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