There’s a “considerable” amount of uncertainty surrounding production from Libyan oil reserves, Marathon Oil said in a quarterly report. Marathon left Libya out of its forecasts in its quarterly report, noting it took no oil from Libya this year. In December, the Libyan National Oil Corp. declared force majeure, absolving itself from contractual obligations because of circumstances beyond its control, at key terminals because of civil unrest. “Considerable uncertainty remains around future timing of production and sales levels, and Marathon Oil continues to exclude production from Libya in its production forecasts,” the U.S. company said in a Wednesday statement. Libya has been unable to coordinate political efforts across the wide range of groups vying for more power since civil war ended formally in 2011. Before […]