Libya's state oil company said it may suspend exports from the Gulf of Sirte, which contains many of the OPEC member's main ports, in the next three days amid a worsening political crisis, Bloomberg reports. The Gulf of Sirte includes the exports terminals of Es Sider, Ras Lanuf, Brega and Zueitina. Libya's production has slumped since mid-April from 1.2 million barrels a day, further tightening the global oil market. The move comes as Libya grapples with protests that are forcing many oil fields and ports to shut down. READ: Libya leaders urged to establish legal basis for elections

Source: Libya Today June 27, 2022 18:25 UTC