Libya's NOC declares force majeure on Sharara crude loadings - RTRS

Eren Sengezer FXStreet

According to Reuters, a document from Libya's state-controlled National Oil Corp on Tuesday declared force majeure on crude loadings from the Sharara oilfield after the field was shut down on Monday,

Production at the western Libyan fields of Sharara and Wafa has been blocked by armed factions, reducing output by 252,000 barrels per day (bpd).

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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