Libya's Sharara Oilfield Pumping Below 100k B/D

Hyperdash NewsCommodities

Libya's Sharara oilfield is currently pumping less than 100,000 barrels per day. The National Oil Corporation (NOC) Chairman confirmed this output level. This represents a substantial decrease from the field's typical capacity, which exceeds 300,000 barrels per day.

This reduction in output from a major Libyan oilfield could tighten global oil supplies. Such disruptions often support higher crude prices. Since this news crossed the wire, Hyperdash pricing shows

WTI Crude down -0.03% and Brent Crude down -0.03%.

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