"Libya's oil production has experienced a backlash hitting a bit over 615 thousand bpd after it had boomed over the last week." Libya's oil ports have been the arena of recent clashes between Benghazi Defense Brigades and the forces of Dignity Operation, which were pushed out of two oil terminals in the oil crescent region. On Sunday, Al-Okli said the shutdown of oil production from Al-Waha Company operated oilfields is the reason of the decreasing rates of production. "And Ras Lanuf oil terminal is no exception to Essidra's case." He added that it is highly likely that the NOC would declare the state of force majeure if the clashes around the oil terminals linger any longer.

Source: Libya Observer March 12, 2017 20:37 UTC