- Oil prices moved higher Monday morning as worries about oil demand in China were countered by outages in Libya amid tight global supply
- Libya’s National Oil Corp on Monday warned “a painful wave of closures” had started to hit its facilities (Reuters)
- Data showed that China refined 2% less oil in March than a year earlier as the nation clamps down on movement due to Covid-19
- Production in Libya has fallen by more than 500 MBbl/d as political demonstrations disrupt the nation's supply (Bloomberg)
- Libya’s Sharara field in the western part of the country was closed after protestors gathered
- Daily production was as much as 1.1 MMBbl/d as of Sunday (BBG)