Libyan Oil Output Holds Despite Protests

Libya maintains oil production near 1.4 million barrels per day despite security force closures at several fields. The National Oil Corporation reports output remains stable while negotiations continue.

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General view of the Libyan state National Oil Corporation (NOC) in Tripoli, Libya July 14, 2022. REUTERS/Hazem Ahmed

Libya maintained its oil production at 1.4 million barrels per day on Tuesday, despite security protests shutting down several major fields. The disruption follows escalating administrative demands from the petroleum sector security guard force. The forced closures threaten vital state revenues amid broader volatility in Brent Crude Oil markets.

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