Libyan Rival Government to Stop Oil Output Over Bank Row
- Dueling governments fight over leadership of central bank
- Biggest export terminal Es Sider starts cutting oil shipments
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Libya’s eastern government said it will shut down crude output and exports, as a struggle with its Tripoli-based rival for control of the central bank and the nation’s oil riches threatens a new round of conflict.
Brent crude jumped as much as 3.2% to above $81 a barrel, after the eastern authorities said Monday in a statement on Facebook that a “force majeure” applies to all fields, terminals and oil facilities.