Libya halts oil production at largest oil field amid demos ...Kuwait

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Libya halts oil production at largest oil field amid demos
Libya's state-owned energy firm said on Sunday it had declared a state of "force majeure" at Al-Sharara oilfield after production at the major facility was suspended due to protests. The National Oil Corporation (NOC) said in a statement it had taken legal action for the southwestern oilfield, which provides a quarter of the country's daily oil output, "due to the closure of the site by protesters". Declaring "force majeure" allows parties to free themselves from contractual obligations when factors such as fighting or natural disasters make meeting them impossible. The NOC did not elaborate on the protesters' demands but said "negotiations are ongoing to resume prod

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