{"id":127887,"date":"2022-06-20T17:03:49","date_gmt":"2022-06-20T17:03:49","guid":{"rendered":"https:\/\/fin2me.com\/?p=127887"},"modified":"2022-06-20T17:03:49","modified_gmt":"2022-06-20T17:03:49","slug":"a-man-celebrates-the-end-of-the-wadi-zalaga-annual-camel-race-by-shooting-with-a-rifle-in-sinai-egypt","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/a-man-celebrates-the-end-of-the-wadi-zalaga-annual-camel-race-by-shooting-with-a-rifle-in-sinai-egypt\/","title":{"rendered":"A man celebrates the end of the Wadi Zalaga annual camel race by shooting with a rifle in Sinai, Egypt."},"content":{"rendered":"

A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here.<\/q><\/p>\n

Cairo (CNN)<\/cite>Libya was thrust back into the spotlight last week when it announced that it is pumping a million fewer barrels of oil than it did last year. <\/p>\n

That was big news for oil-consuming nations that are scrambling to look for additional supplies as crude from Russia, the world’s third-biggest producer, comes under Western sanctions. Any additional barrels from Libya could provide a much-needed reprieve from soaring global inflation, analysts say.
\nThe Libyan oil ministry told CNN on Wednesday that production had shrunk to a near halt in June, to 100,000 barrels per day (bpd) from 1.2 million bpd last year. But on Monday, oil minister Mohamed Oun told CNN that production had climbed up to 800,000 barrels a day, saying some fields had come back online. <\/p>\n