Several crude oil terminals in Libya have been closed due to inclement weather, with oil production in the country already down by 150,000 bpd and likely to drop by a further 50,000 bpd, Libya’s National Oil Corporation (NOC) said on Friday. The state oil firm confirmed today that four oil port terminals—Ras Lanuf, Zueitina, Zawiya, and Es Sider—are currently non-operational due to high waves. The Brega oil terminal may also have to suspend operations as of Friday afternoon local time, NOC said in a statement. Loading schedules at the currently closed oil terminals have been postponed, the company noted. Libya’s current oil production has already fallen by 150,000 bpd and is likely to be cut by another 50,000 bpd, due to lack of additional storage capacity at the closed ports. “Projections based on the new production level indicate that Es Sider tanks will be full within two days. Should […]