Libyan oil exports plunge as National Oil Corporation cancels cargoes due to crisis

Libyan ports shipped 194,000 barrels per day on average of crude last week, down about 81% from just over 1 million bpd in the previous week, data showed

Libyan oil exports fell around 81 per cent last week, Kpler data showed, as the National Oil Corporation cancelled cargoes amid a crisis over control of Libya’s central bank and oil revenue.

Libyan ports shipped 194,000 barrels per day on average of crude last week, down about 81 per cent from just over 1 million bpd in the previous week, Kpler’s data showed. The United Nations Support Mission in Libya , which is attempting to defuse the crisis, said on Tuesday it would resume facilitating talks on Wednesday in Tripoli.

NOC last week cancelled several Es Sider cargoes, Reuters reported and two trading sources told Reuters NOC has also cancelled cargoes of the Amna and Brega crude grades.

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