Libya's oil output dropped by 20% - BBG

According to a recent report by Bloomberg, a person familiar with the matter who isn’t authorized to speak to the media and asked not to be identified said that Libya is producing 560,000 barrels per day as the nation's biggest oil field has halted production. Last week on March 22, chairman of state-run National Oil Corp., Mustafa Sanalla, said that they were producing 700,000 barrels.

Key highlights (via Bloomberg)

• It wasn’t clear why the pipeline was shut. The National Oil Corp. didn’t respond to calls seeking comment.
• The pipeline carrying crude from Sharara, Libya’s biggest field, to the Zawiya refinery stopped operating, the person said
• Sharara, in western Libya, had been producing 221,000 barrels a day, the NOC said