Bloomberg USA: The decline in oil production in Libya has affected the rebalancing of the global oil market.
Pulbished on:
Washington, 08.06.2020 - Lana - The US Bloomberg Agency said that the
largest oil field in Libya gradually resumed production, which was
interrupted by a blockade that lasted nearly five months.
The agency stated that the restart of the Sharara field in the
southwest of the country comes after the reopening of a valve in the
pipeline that extends to the port of Zawia, confirming that the
Sharara field before its closure in mid-January was producing up to
300 thousand barrels per day. The agency noted that production in
Libya declined from 1.2 million barrels per day to about 90 thousand
barrels per day, and this reduction had an impact in helping "OPEC"
to restore balance to the global oil market, according to the US
agency.
=Lana=