Oil market shrugs off Libya crisis amid ample global supply

Oil market shrugs off Libya crisis amid ample global supply
  • Clock-gray 04:01
  • calendar-gray 22 January 2020

Lebanon formed a new government on Tuesday, the presidency announced after Shi’ite Hezbollah and its allies clinched a deal on a cabinet that must tackle the country’s worst economic crisis in decades, APA reports quoting Reuters.

Heavily indebted Lebanon has been without effective government since Saad al-Hariri resigned as premier in October under pressure from protests against state corruption and waste - root causes of the crisis.

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