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Libya Oil Output Plummets To 280,000 Bpd

Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in turn prompted the shutdown of several large fields, the National Oil Corporation said as quoted by Reuters. At the end of the week this improved somewhat, rising to a little above 320,000 bpd. Tribal groups affiliated with General Khalifa Haftar’s Libyan National Army, itself affiliated with the eastern government of Libya, occupied the terminals last week and seized several…
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