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Title : Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017
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Libya's Oil Disruptions Widen As Two More Fields Halt Output -- Militants -- August 27, 2017

A reader just alerted me to this story: Libya's oil disruptions widen as two more fields halt output.

My feelings about Libya? This is what I posted August 22, 2017, when the first oil field went out.

Libya? How important is Libya to the price of oil? Just a reminder: Libya has halted "loadings" from its biggest oil field (militants  again, I'm shocked, I'm shocked). That was announced yesterday; a force majeure. Change in the price of oil? Flat. 

Of course, with this most recent Libyan story and now the Houston/Harvey Hurricane, all bets are off. We will know later this evening what this all means when we see futures at 6:00 p.m. ET. 

Back to Libya:

• El Feel, or Elephant, stopped production, Wessam Al-Messmari, an office manager for the Petroleum Facilities Guard that is protecting the field, said Sunday by phone. State-run National Oil Corp. declared force majeure at the deposit, according to a person familiar with the situation who asked not to be identified because the information isn’t public.
• The Hamada oil field will gradually stop pumping through Monday because of the pipeline closing, Arabian Gulf Oil Co. spokesman Omran al-Zwai said Sunday. Force majeure was also declared on Hamada, he said. 
• An armed group closed the pipelines to Hamada and El Feel, according to a person familiar with the situation.

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