How Libya’s Supply Outage Impacts Oil Markets

Several oilfields across Libya have halted production as closures spread, engineers reported on Tuesday, amid a dispute over control of the central bank and oil revenues. Mohammed al-Menfi, head of the Presidency Council in Tripoli, had issued a decision to replace Central Bank head Sadiq al-Kabir and the bank's board, a move rejected by the eastern parliament. On Monday, authorities in the east, where most of the oilfields are located, threatened to shut them all down, escalating their standoff with the internationally recognized government in…