Offshore oil platforms are seen at the Bouri Oil Field off the coast of Libya August 3, 2015. Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout. REUTERS/Darrin Zammit Lupi MALTA OUT. NO COMMERCIAL OR EDITORIAL SALES IN MALTA - RTX1MWTJ

Libya's bungled oil deal

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Offshore oil platforms are seen at the Bouri Oil Field off the coast of Libya August 3, 2015. Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout. REUTERS/Darrin Zammit Lupi MALTA OUT. NO COMMERCIAL OR EDITORIAL SALES IN MALTA - RTX1MWTJ

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