Libya Sharara Pipeline Shutdown Costs NOC $75M, Output Loss 720K Barrels

Libya's NOC reports direct losses exceeding $75 million from the Sharara field pipeline shutdown to Zawiya, with over 720,000 barrels of lost production as of Thursday. The shutdown disrupts a key crude supply source, adding to Libyan output volatility. The cause and duration remain unclear, but the impact on global oil supply is marginal yet supportive of prices.