SMM News: Libyan oil production fell to about 1 million barrels a day, the lowest level in five months, after an unknown group reportedly closed a valve and shut down the North African country's largest oil field.
Force majeure at the Sharara field in southwestern Libya has reduced the country's oil production by 290000 barrels a day, equivalent to a loss of $19 million a day, the state oil company said in a statement.
The overall production figures were confirmed by two people familiar with the matter. The data show that this is the country's lowest monthly production since February.
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