Will Libya’s Oil Production Stay Online?

Libya is now reportedly producing 300,000 bpd of crude oil, although the NOC has been silent on numbers since September 24th. The million-dollar question of the week for the crude oil glut is what the arrest of the former CEO of Libyan Foreign Bank might mean for Libyan oil production at a time when the market really doesn’t want it.  Four ports are still closed, including Zawiya, and that means oil still isn’t being exported from Libya’s largest field, Al-Sharara.  That the CEO of Libyan Foreign Bank, Mohamed bin Youssef,…