For the third time this year, violence has returned to the streets of the Libyan capital Tripoli. Oil production. However, Libya's oil supply seems to be hanging on by a thread. Something similar happened last April, when Libya's oil and gas minister, Mohamed Aoun, reported that well closures and port blockades were causing losses of up to $50 million a day. Oil production fell from around 1.2 million barrels a day to 500,000 barrels a day.

Source: Libya Today August 30, 2022 19:11 UTC