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Libya Shuts Down Another 200,000 Barrels a Day of Oil Production

  • Nation cuts output at eastern fields to fix broken pipeline
  • Outages in Libya may counter OPEC+ efforts to raise production

Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline.

The latest outage comes less than two weeks after militias shut down the OPEC member’s biggest field, Sharara, causing output to fall by around 350,000 barrels a day. Together, the closures will reduce Libyan production to about 700,000 barrels a day, the lowest in more than a year.