Commodities
Libya Protests Halting Oil Shipments From Key Eastern Ports
- Ras Lanuf, Es Sider are halting oil loadings on Tuesday
- North African country has struggled with protests for years
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Oil loadings from two key Libyan ports are being brought to a standstill as protests hinder about a third of the OPEC member’s crude exports, a reminder of global supply risks from ongoing tensions in the North African country.
The stoppages get underway on Tuesday at Ras Lanuf and Es Sider — which between them handle more than 400,000 barrels a day — after they were ordered by the so-called Oil Crescent Region Movement, two people with direct knowledge of the situation said. One tanker at Es Sider has already stopped loading, one of the people said.