Libyan oil output falls by 100K b/d

Oil

Libyan oil production has recently fallen by 100K b/d after bad weather led to a number of port closures, according to Reuters reporting on a statement from the National Oil Corporation (NOC). A lack of available export facilities has forced crude oil output down to 1.1M b/as of Friday, with 11 of the country's 19 storage tanks being taken out of service.