Libya's Oil Output Plummets by Half After Pipeline Shutdown

Libya's oil output has taken a significant hit due to a pipeline shutdown at the Sharara field, which produces around 300k barrels per day (BPD). According to reports, production has dropped by more than half following the closure. The exact cause of the shutdown is not specified in the reports.

The impact on Libya's oil output will likely be felt globally, given its importance in international markets. The country's Sharara field is one of its largest and most productive fields, accounting for a significant portion of its overall production.