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Libya Is On The Brink Of A Major Military Conflict

Global oil market analysts are carefully watching the latest news emerging from Africa’s (potentially) largest oil producer. In an unexpected move, Libya's National Oil Corporation (NOC) stated lifted the force majeure on crude exports from its key terminals. The national oil company indicated that it expects a gradual revamp of production, but emphasizes that overall production levels will be less than 50 percent of its historic highs. The company indicated that significant damage to reservoirs and oil and gas infrastructure in the country,…