London-The decline in Libyan crude oil pro- duction in recent weeks has seen prices of other light, sweet crudes-such as Nigeria's Agbami and Akpo grades and Algeria's Saha- ran Blend-jump sharply as buyers look for alternatives to the lost Libyan barrels. Libya's state-owned National Oil Corpora- tion said in mid-June that there had been a "massive" decline in production at some of Libya's major fields, including Elephant, Sharara, Sarir and Messla, and that the coun- try's overall production had dropped below 1 million b/d.
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