Tanker brokers are reporting that oil exports from Libya have come to near complete standstill. Late last week forces loyal to the Libyan National Army (LNA) began shutting down oil ports along the Libyan coast. The latest available information from Giubson suggests that crude exports have ceased from Marsa Al Hariga, Zueitina, Marsa El Brega, Ras Lanuf and Es Sider. Gibson warned Libyan oil production has fallen from 1.3m barrels per day to 400,000 barrels and could soon fall to as low as 72,000 barrels, which would mark the lowest since 2011. “The biggest uncertainty is how long Libya’s main export terminals will remain closed.

Source: Libya Today January 27, 2020 08:15 UTC