Yep the instability of Libya is gonna see oil prices jump a bit. Can’t remember who was the cause of leaving a oil rich region unstable again? Hint: They’re European… – PB/TK
East Libyan forces target rival brigades with air strikes around oil ports – | BENGHAZI, Libya
BENGHAZI, Libya East Libyan forces carried out air strikes around major oil ports overnight as they sought to regain control of the area from a rival faction, a military spokesman said on Saturday.
The eastern-based Libyan National Army (LNA) and allied forces retreated on Friday from the oil ports of Es Sider and Ras Lanuf, two of Libya’s largest export terminals, as a faction known as the Benghazi Defence Brigades (BDB) attacked.
The assault raised the prospect of a new escalation of violence around the ports, and put at risk a sharp boost to Libya’s oil production achieved after the LNA took over four ports in September, ending a blockade at three of them.
Continue to reuters.com article: http://www.reuters.com/article/us-libya-security-oil-idUSKBN16B09U
