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صحيفة الساعة 24
Al-Jibani: Oil price rise in 2026 not affecting Libyans' living conditions
Forecasts indicate that the rise in global oil prices until 2026 will not positively impact the standard of living and public services in Libya. An economics professor confirmed that these increases have not led to a tangible improvement in citizens' lives, unlike previous periods such as 2012, when oil prices exceeded $100 per barrel and resulted in economic improvement. He warned that rising prices could be followed by a global recession, causing prices to fall again, which exposes the fragility of the Libyan economy. This situation might force the country to adopt austerity policies that negatively affect the most vulnerable populations. He called for investing the current oil revenues into improving services and living standards instead of waiting for a price decline, which could impose even greater economic challenges.
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