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Paring early morning advances, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange slipped in afternoon trade Monday.
Libyan oil production and exports are set to drop again after two export terminals were blocked on Thursday, and protesters threatened on Friday to close another oil port
Libya’s largest oilfield, Sharara, restarted oil production this weekend following weeks of shutdown over protests, sources in Libya told Argus on Monday.
Last year many had hoped Libya was finally moving on from a long struggle between rival authorities. But the Tripoli-based Government of National Unity, established in 2021 as part of the United Nations-led political process, has been challenged since March by a rival government appointed through a disputed parliamentary vote.
Tunisian foreign minister meets head of Libya’s Presidency Council in Equatorial Guinea - Anadolu Agency