Energy Markets
Libya's oil production plunges 63% due to oilfield closures, NOC says
Libya's National Oil Corporation stated on Friday that recent oilfield closures have caused the loss of approximately 63% of the nation's total oil production, as a conflict in between rival eastern and western factions continues. The North African nation's oil blockade has widened, with eastern leaders demanding western authorities pull back over the replacement of the central bank governor, a key position in a. state where control over oil income is the biggest reward for. all factions. The crisis over control of the Central Bank of Libya. threatens a brand-new bout of instability in a major oil manufacturer. split between...