Sharara, Libya’s largest oilfield, began shutting down late on Thursday. By Friday, the oilfield was fully halted, Libya’s Oil Minister Mohamed Oun confirmed via text message to Bloomberg. Combined, the Sharara and El Feel oilfields in southwestern Libya pumped around 350,000 bpd of crude oil before the stoppage. Haftar’s threat followed a similar threat issued by the eastern government late last month. The stoppage of oilfields in Libya, an outage in fellow African OPEC member Nigeria, and the announced cuts by Saudi Arabia and Russia have all shifted the focus of the market to supply disruptions this week.

Source: Libya Today July 14, 2023 19:25 UTC