Iran OilMin: Oil market fragile on Libya, Nigeria uncertainty

Iran's Oil Minister Bijan Zanganeh crossed the wires in the last minutes saying that the oil market was fragile due to uncertainties in Nigeria and Libya.

According to Reuters' latest coverage of the situation in Libya, Khalifa Haftar, chief of the eastern-based forces that are attacking Tripoli, "is putting pressure on state oil firm NOC and its operations in his fiefdom." On the other hand, oil smugglers and kidnappings for ransom in the Niger Delta remain a major problem for the Nigerian oil industry.