Libyan oil output last year was more than 1.2 million bpd and the reduced production adds to the pressure on markets already squeezed by tight supply elsewhere. The Oil Ministry spokesman said Libya was facing a daily loss in export revenue of $70 million-80 million as a result of the shutdowns. National Oil Corporation has not recently commented on oil output. READ: Libya crisis worsens as rival government takes oathGroups at oil facilities have demanded that Dbeibah quit in favour of Bashagha. It has not commented on that charge, but LNA figures urged an oil shutdown in April.

Source: Libya Today June 14, 2022 18:45 UTC