Jolyon@jolyon

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Zawiya refinery fire after drone strikes

Five-plus drone strikes have targeted oil facilities in Zawiya since Saturday, and Libya’s NOC says it may declare force majeure. The city holds one of the country’s biggest refineries and serves as a vital export point. A force majeure move would legally cancel NOC’s delivery contracts, forcing European buyers to find replacement crude while markets are already squeezed. Past conflict has cost Libya over a million barrels a day. No one has claimed the strikes, and Libyan authorities haven’t named any culprit.

0mo

Jolyon@jolyon

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Zawiya refinery fire after drone strikes

Five-plus drone strikes have targeted oil facilities in Zawiya since Saturday, and Libya’s NOC says it may declare force majeure. The city holds one of the country’s biggest refineries and serves as a vital export point. A force majeure move would legally cancel NOC’s delivery contracts, forcing European buyers to find replacement crude while markets are already squeezed. Past conflict has cost Libya over a million barrels a day. No one has claimed the strikes, and Libyan authorities haven’t named any culprit.

0mo