The closure came after the nearby El Feel deposit for oil was halted for the same reason. Bloomberg reported that Libya’s crude production has averaged just over 1.0 million barrels a day this year, down from almost 1.2 million in 2021. Reuters reported that Iran President Ebrahim Raisi had warned Israel against making even “the smallest movement” against Iran. The International Energy Agency had warned that roughly 3 million barrels daily of Russian oil could be shut in from May onwards due to sanctions, or buyers voluntarily shunning Russian cargoes. Russian oil production has continued to slide in April, declining by 7.5% in the first half of the month from March, the Interfax news agency reported on Friday.

Source: Libya Today April 19, 2022 00:01 UTC