Libya’s Oil Sales Constrained as Eastern Ports Remain Shut

A Libyan rebel leader refused to hand over control of three oil ports to the government, spurring the biggest gain in benchmark crude prices in almost two weeks as the North African nation’s exports stayed constrained.

Ibrahim Al Jedran told a news conference yesterday that the oil export terminals of Es Sider, Ras Lanuf and Zueitina, closed since the end of July, will remain shut after the authorities rejected his conditions, including a demand to share oil revenue with his self-proclaimed government in the east.