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Cairo That was big news for oil-consuming nations that are scrambling to look for additional supplies as crude from Russia, the world's third-biggest producer, comes under Western sanctions. Any additional barrels from Libya could provide a much-needed reprieve from soaring global inflation, analysts say. The Libyan oil ministry told CNN on Wednesday that production had shrunk to a near halt in June, to 100,000 barrels per day from 1.2 million bpd last year.
Libya & other oil exporting countries should maintain stable & affordable crude oil price to assist world to tide over unforeseen inflation & in turn shaking economy. World will help them in return if required in future. Thus help to create a prosperous, peaceful & stable world.
Thank Turkey for that. They sent ISIS mercanaries there to pressure the government into recognizing Turkish claims in the Mediterranean.