Energy News Roundup: Libya Shakes Up Crude Oil Market and Europe is Stuck with Russia for Gas
Breaking Energy 2014-04-08
Summary:
The Brent-WTI spread narrowed further yesterday, with the price differential currently around $6/bbl, as Libya continues to shake up the international oil market. “Libya, the holder of Africa’s biggest crude reserves, has become the smallest producer in the 12-member Organization of Petroleum Exporting Countries after protests halted production and shipments. Output shrank to 250,000 barrels