Libyan oil to essentially impact the oil markets

Note: This section contains information in English only.
Source: Commodityonline
© Scanpix/FP

Libya has restarted its oil production after war and the move will have a strong impact on the oil markets in the next months, said Abdullah Al-Badri, OPEC Secretary. The Libyan oil production is expected to hit the pre-war level in the second part of 2012. At the moment Libyan oil output reached 840,000 bpd being about 50% of prewar level of 1.6 million bpd.

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