Libya Protests Escalate, Threaten Oil & Gas Supply; Global Market Impact Feared

Protests in Libya over power cuts and high electricity bills intensified, with demonstrators breaching the Mellitah Oil and Gas complex. This action threatens to halt crucial gas and fuel supplies for both domestic and international markets. The capital, Tripoli, has been a focal point of these protests against the Government of National Unity. A sustained disruption could push international crude oil prices higher, potentially impacting Pakistan's import bill and local gold rates.

بحوالہ / Source: oilprice.com