Output in Libya, where oil fields have endured sporadic shutdowns and disruptions due to protests, power blackouts and fighting, rose to about 1 million barrels a day this year, the highest level in four years, and was recently about that level. Brent crude, the global benchmark, rose as much as 2.5 percent after news of the explosion. Waha is a joint venture between Libya’s National Oil, Hess Corp., Marathon Oil Corp. and ConocoPhillips.

Source: Libya Today December 26, 2017 16:21 UTC