A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. The potential easing of supply disruptions of crude oil in Libya has been likely overstated and could provide “cold comfort” to bulls in the oil market, Citi said in a note this week. Global output disruptions are likely to increase a little in August as output from Libya and Nigeria are expected to remain challenged, the bank said. Libya’s U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the terminals, which have been shut since December 2014. Reopening the ports would be a huge step for the North African state, which since the 2011 fall of Muammar Gaddafi has slipped […]