Waha line maintenance, western blockade cuts output by almost 500,000 b/d Elections unlikely to happen soon as uncertainty between west and east persists Libya identified as top oil market risk for 2022, according to Platts Analytics Libyan crude output is poised to fall to a 14-month low this week due to a blockade at its key western oil fields along with pipeline maintenance at the eastern Waha oil fields.
This comes as Libya’s political stability hangs in the balance, with still no clarity on when elections may occur after they were canceled on Dec. 24. The North African producer is pumping around 700,000 b/d at the moment, Libya-based sources told S&P Global Platts Jan. 4, a fall of around 500,000 b/d from mid-December. On Jan. 3. state-owned National Oil Corporation said pipeline that connects […]