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Январь
2020

The 1.2 Million Bpd Outage That Oil Markets Are Completely Ignoring

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General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking a whopping 800,000 barrels per day of crude offline for export, and costing the country some $55 million in lost revenues daily.  And now, with the country’s entire 1.2 million bpd in production facing a complete shutdown, the market remains confused as to just how much oil is already offline.  According to the NOC, four key ports - Hariga, Brega, Sidra and Ras Lanuf - are closed…



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