Where did you read that?
>> I don't know if you read the newspapers, but something along the lines of 90% of production is halted right now.
Where did you read that?
Not here:
https://www.reuters.com/article/2011/03/09/us-opec-oil-idUSTRE7281ME20110309
Saudi Arabia has raised its output to 9 million barrels per day (bpd), almost 1 million bpd more than its OPEC target.
Some other OPEC members, such as Nigeria, are expected to provide smaller increases in coming weeks.
90% inside Libya maybe?
A higher price per barrel only means more profit for those who produce...
PS1