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OIL: Libya’s NOC Declared FM on Several Es Sider Cargoes: Reuters

OIL

Libya’s NOC declared a Force Majeure late last week on several crude cargoes loading from Es Sider, Reuters said.

  • This came as production remains curtailed by a political standoff by the country’s two competing governments over control of the Central Bank.
  • NOC did not declare FM on all loadings from the port, a measure that would have shut all loadings, sources told Reuters.
  • It was not clear how many cargoes were affected by the FM but was likely ‘several’, Reuters sources said.
  • "It's not a complete shutdown, some cargoes will load," a source told Reuters. 

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