Libya’s Largest Oilfield Halts Production

Sharara, the largest oilfield in Libya, fully halted oil production on Monday after output was curbed during the weekend due to protests, sources with knowledge of the field’s operations told Bloomberg. Sharara, which has the capacity to pump more than 300,000 barrels per day (bpd) of crude oil, last produced around 270,000 bpd on Saturday. However, the field began to gradually cut production on Saturday after workers at the oilfield were told to do so, according to Bloomberg’s anonymous sources. Earlier on Monday, Libya’s internationally…