Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline. The latest outage comes less than two weeks after militias shut down the OPEC member’s biggest field, Sharara, causing output to fall by around 350,000 barrels a day. Together, the closures will reduce Libyan production to about 700,000 barrels a day, the lowest in more than a year. Any sustained drop from Libya, which sits on Africa’s biggest oil reserves, could counter efforts by the Organization of Petroleum Exporting Countries and its partners to boost exports. OPEC+ meets on Tuesday and is likely to proceed with another monthly increase of 400,000 barrels a day, according to a Bloomberg survey, as it restores supplies halted during the coronavirus pandemic. Libya’s state-owned National Oil Corp. said late Saturday that the main pipeline linking the eastern Samah […]