Oil Extends Drop on Libyan Field Restart, OPEC Outlook - Bloomberg - 1 views
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Libya should resume pumping “soon” at Sharara, its biggest-producing oil field prior to the disruption, following an attack yesterday, an official said.
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“The Sharara disruption highlights the current chaos in Libya, and also how fragile the production is.”
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climbed $1.49 to $78.68 a barrel yesterday.
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This article basically highlights the significance of Libyan oil fields in terms of the international community. Chaos in Libya not only affects the eastern region, but all OPEC members and importers of crude oil across the globe. After the recent attacks on Sharara, the biggest field in Libya, production has significantly slowed down. Libya's elected parliament assures the global community that they will resume normal outputs soon, but as the country deepens further into civil war, international actors remain skeptical.