Drone attacks on Libya’s Zawiya terminal may disrupt 120,000 barrels per day of oil exports, threatening global supply.
Libya’s National Oil Corporation is weighing a force majeure declaration on exports from the Zawiya terminal following drone attacks. The facility handles 120,000 barrels daily, sourced from the Sharara field, which produces up to 300,000 barrels per day.
The attacks targeted a storage tank and an oil blending facility, causing damage to critical infrastructure. Zawiya is a key export hub for Libyan crude, and disruptions could tighten global oil supply.
No immediate market reaction was reported, but traders are monitoring developments for potential supply constraints.