Libya is producing only about 100,000-150,000 bpd of crude oil as almost all of its fields get shut down amid the latest flare-up of fighting between political factions in the war-torn country. Oil minister Mohammed Aoun said earlier in the week that the country’s oil production was down by 1.1 million barrels daily—from 1.
2 million barrels daily earlier this year. Today, a spokesman for the ministry confirmed the figure, meaning that Libya is producing about a tenth of what it was producing at the beginning of the year. The conflict…Libya Oil Production Plunges Amid Field Closures
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