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Email this article: Libyan oil output rises to 600,000 bpd
Posted: Mon November 14, 2011 12:10 pm
LIBYA. Tripoli expects to raise its oil output to 800,000 bpd before the end of 2011 and reach pre-crisis levels of 1.7 billion bpd by the end of next year.
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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