Libya’s oil industry falls hostage again to politics Posted on April 21, 2022 by cngpump The National Oil Company (NOC) has this week declared a halt to operations at two major oil export terminals and several oilfields, halving output to about 600,000 barrels per day in a country that sits on Africa’s biggest oil reserves. Related posts: Libya’s largest oil field closed as turmoil intensifies; NOC declares force majeure Cairn bets on shale, sees 10% drop in India’s oil imports at peak output ExxonMobil suspends Russian Far East LNG project – Interfax Oil price falls 5 per cent, cools down from Russian oil shock rally Biden administration approves more LNG exports to Europe Oil price falls below $100, eases pressure on oil marketing companies Petrol, diesel prices hiked again today, 13th hike in 15 days Fuel price hike: Petrol, diesel trickles into private pumps as retail prices rise OPEC share of India’s oil imports steadies after six-year slump India supplies two fuel consignments to crisis-hit Sri Lanka