Libyan Oil Production Plummets as Political Crisis Persists ...Middle East

Economy by : (OILPRICE) -
Crude oil exports from Libya have further fallen in the past week as UN-mediated talks between the rival governments haven’t resulted yet in a definitive agreement on the leadership of the country’s central bank, the sole guardian of Libyan oil revenues.   Over the past week, Libya’s crude oil exports have averaged about 314,000 barrels per day (bpd), down from 468,000 bpd of crude shipped in the first five days of September, according to tanker tracking data compiled by Bloomberg.  The latest crisis in Libya erupted…

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