Renewed divisions between rival political and military factions in the east and west of Libya that have resulted in the closure of four key export terminals have cut output by well over 500,000 b/d versus May levels. A dramatic loss, though substantially less than the 850,000 b/d claimed by NOC. MEES crunches the numbers.

Libya’s state National Oil Corporation (NOC) has declared force majeure on crude exports from all but one of the crude export outlets in the east of the country....