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Posted August 12, 2022Today in Energy

Conflict in Libya since 2011 civil war has resulted in inconsistent crude oil production ›

Libya’s crude oil production averaged nearly 1.2 million barrels per day (b/d) during 2021. In late December 2021, armed militants shut in an estimated 0.4 million b/d of crude oil production. In April 2022, protesters across the country began to blockade several major ports and oil fields in Libya, causing production to fall to around 0.5 million b/d by July 2022. According to our Libya Country Analysis Brief, Libya’s crude oil production has continually fluctuated because of armed conflict and political instability since Libya’s first civil war, which began in 2011. More

Libya monthly crude oil production

Data source: U.S. Energy Information Administration, International Energy Statistics and Short-Term Energy Outlook

Data Highlights

WTI crude oil futures price

8/11/2022: $94.34/barrel

up$5.80 from week earlier
up$25.09 from year earlier

Natural gas futures price

8/11/2022: $8.874/MMBtu

up$0.752 from week earlier
up$4.815 from year earlier

Weekly coal production

8/6/2022: 11.165 million tons

down0.492 million tons from week earlier
down0.199 million tons from year earlier

Natural gas inventories

8/5/2022: 2,501 Bcf

up44 Bcf from week earlier
down268 Bcf from year earlier

Crude oil inventories

8/5/2022: 432.0 million barrels

up5.5 million barrels from week earlier
down6.8 million barrels from year earlier