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Oil prices slip despite news of lower Saudi supply

Reuters  |  LONDON 

By Christopher JohnsonLONDON (Reuters) - Oil prices fell on Tuesday on increasing exports from key OPEC producers despite news of lower crude shipments from Saudi Arabia.Production from Libya's 270,000 bpd Sharara field is returning to normal after a disruption when protesters broke into a control room, the National Oil Corp said.Libya is exempt from limits on production agreed by most other members of the Organization of the Petroleum Exporting Countries designed to bolster oil prices that have been depressed for more than three years by a global glut. Oil production remains high in many ...

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First Published: Tue, August 08 2017. 19:17 IST