Libyan oil production has collapsed to below 100,000 barrels per day, according to state-owned National Oil Corporation (NOC), due to the shutdown of multiple oilfields and port blockades.

On 18 January, before force majeure was declared, the country’s output was running at 1.22 million bpd.

On 22 March, output had dropped to 95,837 bpd, with NOC pointing out that the resulting financial losses since 17 January, when production restrictions began, now amount to more than $3.53 billion.