Oil price is hovering above USD 102 a barrel as fierce fighting in Libya appears to have cut crude output in the OPEC nation more than previously estimated.
According to International Energy Agency (IEA) a power struggle between supporters and opponents of Libyan leader Moammar Gadhafi had cut up to 1 million barrels per day of crude production, more than the group's previous estimate of as much as 750,000 barrels per day. What do global experts say? Warren Buffett, Chairman and CEO, Berkshire The oil picture five years from now may be much more dependent on politics. I know we will be using more natural gas, we know itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
