Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production at the large Sharara oil field, a source close to the issue told S&P Global Platts on Wednesday. Storage capacity is critically full at the Zawiya terminal which serves the Sharara oil field, according to the source, who added that production at Sharara is expected to be reduced by 50 percent as of Thursday morning local time. Libyan oil ports in the east—including Es Sider and Ras Lanuf—have been closed due to bad weather, a port engineer told Reuters today, while the airport in the biggest city in the east, Benghazi, is also closed due to bad weather, a source at the airport said. On Friday, Libya’s National Oil Corporation (NOC) said that several crude oil terminals in Libya […]