According to FT due to the recent turmoil in the Middle East, and in particular in Libya – an OPEC member and responsible for nearly 2% of the oil output worldwide – OPEC members (Kuwait, the United Arab Emirates and Nigeria) have…
Tag: Libyan turmoil
The turmoil in Libya progresses and fueled by oil
The Libyan turmoil progresses as the fights between the rebels and Qaddafi’s people don’t seem to subside. Currently the rebels are trying to push towards the Qaddafi’s hometown of Sirte in the east. As a result the current turmoil…
Oil prices rise as Libyan turmoil progress – Weekly recap 28 Feb 4 Mar
The Libyan turmoil only continues to escalate as there are reports of dozens of causalities in Zawiyah – a city near Tripoli. The current ramifications of these fights at face value on the crude oil market were reflected in the…