‘Oil below $100 very painful for Libya’Comment on this story
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.
Benchmark Brent crude was around $97 a barrel on Tuesday, down from March peak near $128. - Reuters