Libya may decrease production of crude oil
The crude oil strted to getting more expensive, after the two days of lower prices. The curent price is over 135 US Dollars per barel, due to the weak dollar, crashes on financial markets, which made investors to pay attention to the black gold. The additional force in the higher price of petrol was the information, that Libya will decrease the production. The director of the National petrol company of Libya announced, that the country may decrease the export, because the market is flooded by petrol.
The crude oil with delivery in August got more expesive with 3.11 US Dollars or 2.31%. This increased the price to the level of 137.66 US Dollars and continue to go up.
The director of the National Petrol company Shuckry Ganem announced, that the country may take the decision for decreasing the export, but declined to be more accurate about the date of decreasing the production and the rate of decreasing. Other reason, which he signed for possible decrease of the production and penalties of USA over the Iran's Nuclear Program.
Labels: Financial News
posted by Zoritza Petrova @ 7:17 AM
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