The prospects for a recovery in Libyan oil exports moved closer after rebels blocking shipments from the country’s east said they agreed in principle with the government to allow a resumption. The rebels’ Executive Office for Barqa, representing the eastern region of Cyrenaica, reached an accord that four terminals halted since July can reopen, Ali Al-Hasy, a spokesman for the group, said April 2. Barqa politicians indicated the ports could operate within 24 to 48 hours, Sliman Qajam, a member of the energy committee in Libya’s government, said by phone yesterday from Tripoli, the capital. Libyan oil production plunged by more than 1 million barrels a day in the past year as protests halted oil fields and ports. Brent crude futures, used to price more than half of the world’s oil, are near the lowest level since November amid speculation that the export terminals may re-open, adding to supply. […]