An ICYMO out of Libya on oil. Its looking like exports from four main oil export terminals will be suspended.

Libya’s state-owned National Oil Corporation is on the verge of declaring force majeure on oil exports

  • Citing political crisis is now affecting a large chunk of the country’s oil supply
  • “We are considering declaring a state of force majeure within the next 72 hours unless production and shipping are resumed at the oil ports in the Gulf of Sirte,”
  • “There are closures in the Gulf of Sirte region.”
  • The Gulf of Sirte includes four main oil export terminals with a total capacity of 630,000 b/d – Es Sider (250,000 b/d), Ras Lanuf (200,000 b/d), Brega (90,000 b/d) and Zueitina (90,000 b/d).

Info via S&P

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