Prices rallied despite a surge in US fuel stocks last week. PHOTO: REUTERSOil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya. "And this is a country that is currently producing 1.6 million barrels of oil per day." Libyan oil output is down by over 500,000 barrels per day due to pipeline maintenance and oilfield shutdowns. Prices rallied despite a surge in US fuel stocks last week.

Source: Libya Today January 06, 2022 23:55 UTC