Oil Prices Down 2% as Markets Scramble for Clarity

Libya's dinar has plunged to record lows, driven by a sharp decline in oil revenues and escalating political unrest. The Central Bank of Libya (CBL) devalued the currency by 13.3% on April 6, setting the official rate at 5.5677 dinars per U.S. dollar—the first such move since 2020. However, the black-market rate has soared to over 7.20 dinars per dollar, reflecting deepening economic instability.? In a modest sign of recovery, Harouge Oil resumed production at its Amal Fields B-102 well, pumping 1,500 barrels per day. While this development…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.comWeiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com