Libya reopened on Thursday all its oil loading terminals where operations were suspended for nearly a week due to inclement weather, S&P Global Platts reports , quoting a source close to the developments. Libya’s crude oil production and exports have been severely disrupted since early December due to previous port closures courtesy of bad weather as well as security incidents and issues at the country’s largest oil field Sharara, which has been shut in since December 8. As a result, Libya’s crude oil production in December plunged by 172,000 bpd from November—to 928,000 bpd from 1.1 million bpd, according to OPEC’s secondary sources in the cartel’s Monthly Oil Market Report released today. The drop in Libya’s oil production last month was the second steepest decline among OPEC producers after Saudi Arabia, which cut production by 468,000 bpd from November to 10.553 million bpd in December. Libya’s oil ports were […]