Oil production has been slashed at Libya’s el-Feel field, an oil official said Thursday, as a crude output recovery in the country starts to fizzle. The reopening of two key oil ports and a production restart at the country’s largest oil field, Sharara, drove international oil prices to a three-month low last week. But after ramping up to a five-month high, Libya’s oil production started falling again earlier Thursday. Now output is set to decline further after staff cut production at the 130,000 barrel-a-day el-Feel field, which is operated by an Eni SpA joint venture. Eni didn’t return a request for comment. “The field only has five wells under operation, other wells are totally closed,” a person at the joint venture said, citing mounting insecurity. Staff are also considering shutting the field altogether, he said. An outbreak of violence in Tripoli–the worst in six months–led to fear of new […]