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Libya’s Oil Production Drops as Political Crisis Deepens

  • Output down to 920,000 barrels a day, says energy minister
  • Sharara, biggest field, and El Feel have both been shut down
Updated on

Libya’s oil production has fallen below 1 million barrels a day, as the OPEC member plunges deeper into political crisis just as prices surge following Russia’s invasion of Ukraine.

Output is down to 920,000 barrels daily, Oil Minister Mohammed Oun said in a response to a query from Bloomberg. It stood at roughly 1.2 million barrels on Wednesday.