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Extra 500,000 barrels per month to be supplied for refineries
Fuel oil, which is supplied into markets, is currently not subsidised, says expert
“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla
Gunmen stormed the GNC in southern Tripoli on Sunday, two days after an anti-Islamist offensive launched by a rogue general in the eastern city of Benghazi.
US oil fell, pressured by weak manufacturing data attributed to the cold winter weather. That data overshadowed steady consumer sentiment.
President Xi Jinping on Friday said China, the world’s second largest economy and top energy consumer, would not sacrifice the environment for temporary economic growth.