Oil at Libyan Ports May Run Low Due to Political Upheaval

Wednesday, March 02, 2011

According to a March 1 report from Bloomberg, crude supplies for loading at Libyan ports may start to run low because of disrupted production at oil fields caused by an uprising against leader Muammar Qaddafi, two ship owners said. While six owners of tankers carrying crude, refined oil products and liquefied natural gas reported successful loadings during the past week, at least seven oil companies’ production was disrupted. 

(Source: Bloomberg)
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