The embattled Congress-led coalition government failed to announce major policy decisions on Thursday to tackle soaring food prices after days of wrangling, taking only minor measures seen as unlikely to make a major impact.
Oil prices at $100 a barrel would not harm the world economy and there is no need for OPEC to hold an emergency meeting or add supplies, Libya's top oil official said on Thursday.
Libya has abolished taxes and custom duties on locally-produced and imported food products in response to a global surge in food prices, Oea online newspaper reported.
Crude production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in November by around 70,000 barrels per day (bpd) to 29.1 million bpd, a Platts survey of oil industry officials and analysts showed on Monday.
North Korean leader Kim Jong-il is not alone when it comes to avoiding flying. He's got a friend in Moammar Qadafi of Libya, whose staff avoid long distance travel by air over water.