Libyan Pipeline Explosion Drives Prices Higher

On December 27, 2017, a pipeline operated by Waha Oil Company was targeted by armed men who detonated explosives along a pipeline segment. The attack is expected to reduce production by roughly 100,000 barrels per day. At the end of November total Libyan oil production was at 970,000 bpd. Libyan production highs for 2017 reached …

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