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Oil Price

Quick primer on Libyan oil

Libya produced 1.65 mb/d of crude oil in Oct. 2010 and exported 1.2 mb/d crude in 2008. Both crude production and exports have recently peaked.

Libya is a maturing oil province in which 27 Gb have been produced, out of an estimated ultimate of 40-60 Gb. Therefore, the depletion midpoint has been reached or will be [...]