Libyan Oil Shutdown Begins as UN Warns Feud Risks Economic Chaos
- Output falls after eastern government escalates row with rival
- Tussle surrounds central bank, manager of vast energy revenue
Photographer: Antonio Sempere/Europa Press/Getty Images
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Libyan oil output dropped as authorities in the OPEC member’s east enforced a shutdown, escalating a crisis the United Nations warned runs the risk of collapsing the economy.
Production at the El-Feel field in southwestern Libya has stopped, according to people familiar with the matter, while local operators are indicating they’ll gradually halt pumping nationwide.