Libyan crisis: How is it impacting global oil prices?

Excerpts from India Business Hour on CNBC-TV18 Watch the full show »

Muammar Gaddafi refused to step down. He made his intention clear by saying as much on national television .He has even urged his loyalists to take to the streets  to crush -the uprising.

In an interview with CNBC-TV18's Shereen Bhan, Kate Dourian, The Middle-East Editor, Platts, speaks about the Libyan crisis and its impact on global oil prices.

Here is a verbatim transcript of the exclusive interview with Kate Dourian on CNBC-TV18. Also watch the accompanying video.

Q: We are just picking up here on what Gaddafi is saying on state television that he is not going to be stepping down, but he is a fighter and he will continue to hold control. How are you reacting to those comments?

A: I am actually in Saudi Arabia, I haven't really even seen his comments. So, I can't really give you anything about that. But I don't think that whatever he says, if he doesn't step down that it's going to be enough. There is too much anger; there has been too much blood. I think it isn't going to be over anytime soon.

Q: What exactly is going-on on the oil front? What we understand are that most foreign companies have not stopped work at this point in time, that disruption has only taken place in one basin as of now, what are you picking up in terms of disruptions and how concerned are you?

A: It's very difficult to tell exactly what going on at the moment. We do know that some companies have actually stopped their upstream activities such as Spanish company. We know that German company expects its production to be impacted.

For complete interview watch the video.