OPEC
OPEC Holds Steady Despite Libya Nightmare
OPEC crude production remained fairly steady in August relative to the previous month, MEES estimates show, as increases in Iraq, Saudi Arabia, the UAE and Kuwait served to make up for further supply shut-ins in Libya: by far the worst disruption to the country’s oil industry since the 2011 civil war.
Libyan output continued its slide last month, as armed groups, security guards and oil workers with tribal...
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