Libya: Libya's Oil Output Falls More Than Half Due to Political Standoff

Aug 29, 2024 | Ayman Al-Warfali, Reuters
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More than half of Libya's oil production, or about 700,000 barrels per day, was offline on Thursday and exports were halted at several ports as a standoff between rival political factions over the central bank and oil revenue threatens to end a four-year period of relative peace.