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Libya spells windfall for Russia oil

Libya spells windfall for Russia oil

A rising oil price following turmoil in Libya is leading consumers to seek alternative sources.

March 10, 2011 2:56 by

The turmoil in Libya continues to wreak havoc across world energy markets. Oil prices resumed their rise on Wednesday, as the violence edged closer to Libya’s infrastructure.

But it’s not all doom and gloom; several countries now look set to benefit from the price inflation, not least Russia.

Read more: Libyan revolt likely to leave deep scars on oil sector

Source: Al Jazeera

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