Libya unrest raises oil concerns

As unrest continues, there is global concern about the effect it may have on oil prices.

    The unrest in Libya is the first time that the changes sweeping the Arab world have hit a major oil producer and there are fears that a spike in oil prices could hurt the fragile global economy.

    While Libya only produces two per cent of world oil production, 85 per cent of that is sent to Europe.

    Al Jazeera's Nick Spicer reports from Berlin, Germany.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Revival: The Muslim Response to the Crusades

    Revival: The Muslim Response to the Crusades

    This part of 'The Crusades: An Arab Perspective' explores the birth of the Muslim revival in the face of the Crusades.

    Going undercover as a sex worker

    Going undercover as a sex worker

    A photojournalist describes how she posed as a prostitute to follow the trade in human flesh.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.