Protests at the main field, which were entering their third day, initially prompted workers at Sharara to shut some wells before the 300,000 b/d field was taken completely offline.
One source said that, while the export pipeline to Zawiya was closed, Sharara -- operated by a joint venture between Libya's National Oil Corp. and Equinor, OMV, Repsol and TotalEnergies -- was continuing to pump to fill its storage tanks before it had to stop.
On the evening of January 3, 2024, sources said the 70,000 b/d El-Feel field had also shut, as the protests engulfed southern Libya's oil fields. It was not clear whether the field was totally or partially closed, and whether pumping had stopped.
Readers know my feelings about Libya and price of oil. LOL.
WTI: up almost 4%; up $2.67; and trading at $73.05.
Ticker COP, CVX:
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