Production of natural reserves in Libya and Yemen may be shuttered for the rest of the year because of ongoing violence, Austrian energy company OMV said. The end of the regime of Moammar Gadhafi in Libya divided the country along ethnic and tribal lines. Libyan oil production has been about half of the peak capacity above 1 million barrels per day. For Yemen, a pan-Arab offensive led by Saudi Arabia was meant to restore order in a restive country under pressure from the Houthi movement, a Shiite group. While not a major oil producer, the country hosts one of the busiest oil shipping lanes in the world. OMV in a financial report said first quarter production was down nearly 5 percent from the previous quarter to […]