Libya drives oil prices to almost $100Saudi Arabia says it has spare production capacity, if needed; International Energy Agency would also step in to offset shortfalls The Associated Press
Oil prices rose again Feb. 24 as the rebellion in Libya appeared to have shut down even more crude production than previously estimated.
Italy’s Eni, the largest oil producer in Libya, said the violent uprising has taken 1.2 million barrels per day off the market, up from previous estimates of about....
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America in competition for oil Saudi’s have spare capacity
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