Amid the ongoing political standoff between rival governments, Libya’s crude oil exports plummeted to 194,000 barrels per day (bpd) last week, an 81% plunge compared to the previous week, according to data from Kpler cited by Reuters. Last week, the average export levels were way off the 1 million bpd in exports in the previous weeks, the data showed on Wednesday.
Libya’s National Oil Corporation (NOC) has canceled some cargoes, although it has not declared force majeure on all exports from the country. NOC has declared force majeure…Libya’s Oil Exports Crashed by 81% Amid Political Standoff
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