CLOSE X
Advertisement

‘Oil below $100 very painful for Libya’

Commodities

An oil price below $100 is damaging to Libya's reconstruction, Libya Oil Minister Abdulrahman Ben Yazza said on Tuesday.

“I am afraid of this fall, anything below $100 is very painful for Libya,” he told Reuters at an OPEC-organised oil industry conference ahead of the cartel's Thursday meeting.

Share this story
Libya's Oil Minister Abdulrahman Ben Yazza attends the OPEC International Seminar in Vienna June 13, 2012.

Benchmark Brent crude was around $97 a barrel on Tuesday, down from March peak near $128. - Reuters

Share this story
Advertisement
X