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Libya Oil Output Falls as Fresh Clashes Force Ports to Shut

  • Oil exports from Es Sider, Ras Lanuf ports halt on fighting
  • Country’s crude output said to fall to 650,000 barrels a day
Bloomberg business news

Morse: Libya Production Should Be Volatile in 2017

Updated on

Libya’s crude output dropped after clashes forced two of the country’s biggest oil ports to shut down, threatening the OPEC member’s efforts to revive the production of its most important commodity.

The North African country’s production fell to 650,000 barrels a day from about 700,000 barrels a few days ago, according to a person with knowledge of the matter, who asked not to be identified because the person isn’t authorized to speak to media.