OPEC published an outlook that suggests a shrinking oil market and lower oil demand growth. The organisation is being challenged by increased US shale oil production output and is curbing its own output to keep prices from dropping too low.
The government's removal of fuel subsidies last week plunged Ecuador into upheaval, triggering protests, looting, vandalism, clashes with security forces, the blocking of highways and the suspension of parts of its vital oil industry.
Thousands of protesters are seeking to intensify pressure on Ecuador's president after a week of unrest sparked by fuel price hikes.
Except for Qatar, the oil producing gulf countries are adamant on raising oil prices to fill budget deficits.
Brent crude oil futures were trading at $85.85 per barrel at 0104 GMT, down 44 cents, or 0.5 percent, from their last close.
In 2016, Libya's oil production dropped to 400,000 barrels per day, while before the 2011 uprising it was around 1.5 million barrels per day.
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