WorldOil Kidnappings in Libya pose risk to oil-supply growth Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again. Libya's biggest oil field set to cut output after kidnappings Oil output at Libya’s biggest field is set to drop by about half after authorities evacuated staff and shut wells for safety following the armed abduction of several workers at the Sharara deposit, according to the state National Oil Corp. Oil set for weekly loss on trade war fears, Libya supply return Oil headed for a weekly loss as escalating trade tensions between the U.S. and China rattled investors, while Libya’s plans to restore output allayed fears of a supply crunch. Libya's eastern oil exports to resume on ports deal Libya’s eastern oil ports will resume shipments after the state energy producer regained control of the terminals following clashes in the region last month. Oil falls as trade war escalates Oil fell toward $73/bbl in New York after U.S. President Donald Trump escalated a trade war with China, heightening fears that global economic growth could be caught in the cross-fire. Libya oil chief warns output to drop every day as ports halted Libya’s oil output will keep dropping day by day if major ports remain closed after clashes last month led to a political deadlock, the head of the country’s state energy producer said. Eni completes development of the largest producing offshore gas field in Libya National Oil Corporation (NOC) and Eni announce that Mellitah Oil and Gas, Eni and NOC joint venture company (50/50), has started production from the first well of the offshore Bahr Essalam Phase 2 project. This comes just three years after the final investment decision. Libyan oil output choked off as two more ports are out of action Libya’s National Oil Corp. declared force majeure on another two oil ports, removing thousands more bbl from the market as global supply concerns put pressure on OPEC to ramp up production. Libya State Oil Co. confident eastern rival can't ship crude The chairman of Libya’s National Oil Corp. in Tripoli said he’s confident that the U.S. and other world powers would help block authorities in eastern Libya from exporting any crude after militia captured key ports there. Libyan oil exports impaired as some in OPEC seek more supply Two of Libya’s biggest oil ports stopped loading crude after armed forces clashed nearby, taking more bbl off the market just as OPEC mulls proposals to boost production.