The hottest unrest in Libya, crude oil futures hit

2022-08-23
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Libyan turmoil crude oil futures hit a two-year high

IPE Brent crude oil futures rose to $108.70 a barrel, the highest level since September 2008

[Caixin] (Shen Hu) affected by the situation in Libya, international crude oil futures soared on the 21st. IPE Brent crude oil futures rose to $108.70 a barrel, the highest level since September 2008

on February 21, the price of IPE Brent crude oil futures rose by more than $5, or more than 5%

during the global financial crisis in 2008, the price of Brent crude oil futures broke 100 for the first time, creating a record high of 147.50 US dollars, and gradually fell below 100 US dollars after September 2008

recently, as the Tunisian revolution triggered a chain reaction in the Middle East and North Africa, oil prices continued to hit new highs. On January 31, at the beginning of the unrest in Egypt, IPE Brent crude oil exceeded the $100 mark for the first time since September 2008. At the same time, wheat futures prices also recently hit a new high due to concerns that the unrest in Egypt will affect international food supply

in addition to Tunisia, Egypt, Yemen, Syria, Jordan, Bahrain, Libya and other countries have erupted in varying degrees of political unrest. But unlike the more peaceful demonstrations in Egypt, the military of Libya and Bahrain were reported to have used violence to suppress protesters and triggered social unrest

On the 19th, the New York Times reported that Libyan troops shot at demonstrators, killing at least 140 people. The son of Libyan leader Muammar Gaddafi warned Libya on the 20th that civil war might break out

Libya has the largest oil reserves in Africa and the largest crude oil exporter in Africa. Its crude oil reserves account for about 3.3% of the world's total, And the reserves of the whole Africa account for about half of the world. The proposal of the project is Professor Ahmed elmarakbi. Ross Tan mazey, chief executive officer of wonz, said: "we are very pleased to be able to cooperate with DuPont industrial biosciences 9.6% of the total cooperation community. Energy giants such as BASF, BP and shell, as well as PetroChina, have all done business in Libya

according to Reuters 21, foreign energy companies are reassessing their business in Libya. The Nafoora oilfield in the Sirte basin in Libya is said to have no oil flow

on the afternoon of February 21, Beijing time, the Ministry of Commerce of China said that China had been attacked on several projects in Lido, causing injuries to personnel and property damage. It reminded enterprises planning to carry out investment and cooperation business in Liberia to pay close attention to the development of the local situation and suspend sending people to carry out relevant business in Liberia recently; It is suggested that enterprises in areas with serious conflicts in Liberia should report the situation to the Embassy in Liberia in time and transfer to safety zones in a timely manner

a staff member who claimed to be stationed in the Libyan capital of China Railway 11th Bureau posted a message on Weibo saying, "at present, the overall situation of the company is stable, and all branches are actively mobilizing and taking precautions, but we lack daily necessities such as fresh water and food, and we hope to get help."

another staff member in Liberia, who did not disclose his unit, claimed on his microblog that the situation was serious. He released pictures of protesters attacking Chinese camps with guns and burning vehicles. He also said that the Chinese company's station was robbed, and the communication was interrupted. The Chinese people in nearby Liberia gathered at the station and built simple fortifications around it

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