This is why OPEC doesn't care as much about Libyan oil

Libyan light, sweet crude is like US shale-produced oil, says Bloomberg. Not like oil produced in the Middle East. What OPEC likes is that more Libyan production will mean less US exporting...hmmm

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But isn't Saudi crude also light? I mean, it's called Arab Light.

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I think that's the case for most middle eastern countries, but I don't know that ratio of how much of each grade is produced. Anyone else?

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