# Crude rises as Libya halts pipeline from largest field - News for the Energy Sector

> Crude oil rose as Libya halted the pipeline from its largest field, the Sharara field, cutting its output to about 560,000 barrels a day. The move offset concern about a global supply glut and rising U.S. stockpiles.

- Date: 2017-03-28 · published 2017-03-28T12:00:00.000Z
- Category: geopolitics · region Libya · magnitude medium
- Page: https://feedsoft.ai/events/72157-crude-rises-as-libya-halts-pipeline-from-largest-field-news-for-the-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A sudden loss of Libyan supply tightens the crude balance and supports energy prices, which feed into biofuel and feed-processing costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-08-19 | [Oil rises as markets factor in latest attack on Saudi energy facility \| The National](https://feedsoft.ai/events/57774-oil-rises-as-markets-factor-in-latest-attack-on-saudi-energy-facility-the.md) | -1.3% | -0.1% |
| WTI | 2017-04-10 | [Libya halts Sharara oil loadings as biggest field stops pumping](https://feedsoft.ai/events/71650-libya-halts-sharara-oil-loadings-as-biggest-field-stops-pumping.md) | +0.7% | -11.1% |
| WTI | 2026-09-08 | [Crude oil futures rise after Iran threatens retaliatory strike on energy assets - The HinduBusinessLine](https://feedsoft.ai/events/17584-crude-oil-futures-rise-after-iran-threatens-retaliatory-strike-on-energy-assets.md) | +10.6% | +1.7% |
| WTI | 2024-03-25 | [Crude futures surge 7pc to new four-year high \| Latest Market News](https://feedsoft.ai/events/31381-crude-futures-surge-7pc-to-new-four-year-high-latest-market-news.md) | +4.1% | +3.2% |
| WTI | 2022-03-07 | [Dollar edges higher as surging energy prices prompt safe-haven flows \| Financial Newsletter](https://feedsoft.ai/events/12080-dollar-edges-higher-as-surging-energy-prices-prompt-safe-haven-flows-financial.md) | -5.5% | -14.2% |
| BRENT | 2019-08-19 | [Oil rises as markets factor in latest attack on Saudi energy facility \| The National](https://feedsoft.ai/events/57774-oil-rises-as-markets-factor-in-latest-attack-on-saudi-energy-facility-the.md) | +0.3% | +3.3% |
| BRENT | 2017-04-10 | [Libya halts Sharara oil loadings as biggest field stops pumping](https://feedsoft.ai/events/71650-libya-halts-sharara-oil-loadings-as-biggest-field-stops-pumping.md) | +0.6% | -12.4% |
| BRENT | 2026-09-08 | [Crude oil futures rise after Iran threatens retaliatory strike on energy assets - The HinduBusinessLine](https://feedsoft.ai/events/17584-crude-oil-futures-rise-after-iran-threatens-retaliatory-strike-on-energy-assets.md) | +12.9% | +11.9% |

## Sources

- energyvoice.com: https://www.energyvoice.com/oilandgas/135063/crude-rises-libya-halts-pipeline-largest-field/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.