China's concern over oil prices on Libyan fighting


China is Libya's biggest oil customer in Asia - it's an energy hungry nation eager to secure its energy supplies.

Yet with the fighting in Libya, the country is only producing 400,000 barrels of oil a day, 75% less than its normal output.

China currently buys 160,000 barrels a day from the African nation, about 40% of what's now available.

Rajiv Biswas at IHS Global Insight says rather than worries about disruptions to supplies, a bigger concern for China and others is the impact on oil prices, of the current fighting.

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