Libya’s Oil Production Shutdown Is Underway

Oil production at several Libyan oilfields was halted on Tuesday after the rival government in the east announced on Monday a stop to all oil production and exports from OPEC’s African producer. Crude oil output at the El Feel oilfield in southwestern Libya has stopped, engineers told Reuters on Tuesday. Engineers at several other oilfields in the east and southeast have also halted or reduced production. Local operators have indicated to Bloomberg they will be gradually halting production across the country. Libya, which pumps about 1.2…