Tripoli News: Libya's National Oil Company Chairman Ghanim said in Tripoli, capital of Libya, on the 21st that the rise in world oil market price is not related to supply. Even if OPEC increases oil production, it will not change this situation.
Ghanim said in a speech to the press that oil prices will rise sharply, and that OPEC’s increase in production will not affect oil prices. He pointed out that the oil price in the New York market exceeded the $130 mark for the first time on that day, reaching US$130.28 per barrel. Therefore, even if the OPEC organization increases production, it will not cause the price of oil to fall.
Ghanim said in a speech to the press that oil prices will rise sharply, and that OPEC’s increase in production will not affect oil prices. He pointed out that the oil price in the New York market exceeded the $130 mark for the first time on that day, reaching US$130.28 per barrel. Therefore, even if the OPEC organization increases production, it will not cause the price of oil to fall.
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