Tue. Jul 9th, 2024

Britain’s Global Platts oil pricing agency said on Monday that protesters from Libya’s southern Ubari region took to the streets and shut down the 70,000-barrel-per-day El Feel field amid anger over rising fuel prices.

The agency said the Sharara field, which is run by a joint venture between Libya’s National Oil Corporation, Equinor, OMV, Repsol and Total Energy, will have to stop pumping.

Libyan oil is very popular among refineries in the Mediterranean and northwestern Europe, and Libya’s oil production is still well below the 1.6 million barrels per day it produced before the 2011 uprising in the country, and in November production reached 1.12 million barrels per day, according to the latest monthly OPEC survey conducted by Britain’s Platts.

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