A Libyan company said oil production was cut Monday by 850,000 barrels per day because operations at two oil terminals were suspended over control disputes. The Libyan National Oil Corp. suspended its contractual obligations for loading oil at the Hariga and Zuetina oil ports on Monday. Called force majeure, the suspension followed port blockades imposed by the Libyan National Army in violation of U.N. Security Council resolutions giving the NOC control. “Despite our warning of the consequences and attempts to reason with the LNA General Command, two legitimate allocations were blocked from loading at Hariga and Zuetina this weekend,” NOC Chairman Mustafa Sanalla said in a statement . “The storage tanks are full and production will now go offline.” The NOC declared […]