Libya's Meager Crude Oil Exports Set To Plunge In August

With Libya's conflict escalating, the country's crude oil exports are set to be just 1.2 million barrels in August, a 40-percent plunge from July, Bloomberg reported, citing an initial loading program it has seen. This month, two terminals in the country holding Africa's largest crude oil reserves are set to ship a cargo of 600,000 barrels each, according to the program Bloomberg has seen. Most of Libya's oil terminals and facilities are closed amid an ongoing civil war in the country, with violent clashes erupting between armed groups in Libya's…