Politics, Geopolitics & Conflict -Protests in Libya that have led to the shutdown of the Sharara oilfield, the country’s largest, are also putting upward pressure on oil prices. Protesters are demanding better public service and development in southern Libya. The Sharara field has a 300,000 barrel-per-day capacity and has been the target of protests in the past, most recently in July this year. Libya is currently producing around 1.2 million bpd and is targeting a ramp-up to 2 million bpd by 2030. Oil prices reacted to this shut-in (and…
