The odds of a Libyan oil revival are diminishing amid intensifying conflict between factions that is crippling production and exports. After failing to sell a cargo independently of Libya’s National Oil Corp. in Tripoli, eastern officials told state-owned Arabian Gulf Oil Co., which controls production in the region, not to allow tankers to depart without its approval. This week, they barred the Seachance tanker from exporting 1 million barrels of crude from the port of Hariga, saying it didn’t have the correct papers. Libya’s output, already just a quarter of the level before the ouster of Muammar Qaddafi, could fall further this year, said BNP Paribas SA. The rivalry between east and west complicates efforts to extend the remit countrywide of a unity government led by Prime Minister Fayez Serraj, who international allies are backing as the only way to stem spiraling unrest. “The central government in Tripoli is […]