Libya’s Crude Output Cut by Fighting
Libya’s crude output has fallen around 13% over the last two weeks to about 603K b/d as clashes among rival armed groups have caused the closure of some of the country’s biggest oil export terminals, forcing a number of fields to halt production, reports Bloomberg. Output was around 700K b/d before fighting broke out on 3rd March. Maintenance at the offshore Al Jurf fields is also affecting production levels. Es Sider and Ras Lanuf ports remain closed.