Libya’s Oil Production Restarts as Political Standoff Ends

Libya’s Oil Production Restarts as Political Standoff Ends

OilPrice.com

Published

Libya’s oil production is resuming on Thursday, the country’s Oil Minister Khalifa Abdul Sadiq told Bloomberg in an interview today, after more than a month of suspended output due to a political standoff between the eastern and western administrations in the North African OPEC producer. The end of this Libyan crisis will lead to the return of a few hundred thousand barrels of crude per day to the market, which is currently fearing a supply shock from the Middle East on the brink of an all-out war. Crude production at most Libyan oilfields has…

Full Article