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IPFS News Link • Oil

Oil Spikes On Reports Libya Shuts Down Nearly All Its Oil Fields

• Zero Hedge

Authored by Irina Slav via,

Libya is losing oil production at the rate of 1.1 million barrels daily, the country's oil minister Mohammed Aoun has said, adding that almost all of the country's oil fields were shut down.

Libya's largest field, El Sharara, was shut down last month along with El Feel, with reports saying that it was groups affiliated with the eastern parliament that shut down oil production, among them the Libyan National Army of Halifa