Protests Suffocate Libyan Oil Production
The wave of protests and port closures sweeping Libya is crippling the country’s oil sector.
Crude production plunged to around 330,000 b/d at one point last month, and according to MEES calculations July output stood at around 750,000 b/d, the first sub-1mn b/d monthly average since December 2011.
There is no sign of any resolution to the crisis. State-owned NOC is yet to declare Force Majeure,...