Libya's Rival Factions Resume Talks Amid Oil Production Standoff

Talks between Libya’s feuding eastern and western administrations resumed on Wednesday in a bid to overcome the political impasse that has crushed Libyan oil production and exports, a Libyan MP told Bloomberg via a text message. The blockade of oil production and exports in OPEC’s North African producer is close to entering a second month. Oil production at several Libyan oilfields was halted on August 27 after the rival government in the east announced a stop to all oil production and exports from Libya. Libya, which pumped about 1.2…