Force Majeure On Oil Fields And Export Blockade Lifted In Libya

National Oil Corp in Libya Lifted the force majeure on oil fields and ports.
Following this, another announcement on ending the oil export blockade was made.
The end of the blockade could return over 1 million b/d of crude to the market.
Hess to ship the first oil tanker with crude.
The conflict between GNA and LNA led to $10 billion in losses in oil revenue.
Countries that exceeded their quotas from May-August to have 2.375 million b/d of compensation cuts due.

Libya’s state-owned National...