Libya is said to begin cutting output at biggest oil field

OPEC stuff. I bet that chose that field because it's a joint venture, and they have to split the profits.

In a report by the Spanish newspaper Cronica on February 9, 2024, Saddam Haftar was the one who instigated the closure of the Sharara field, and the reason was the Spanish police’s seizure of military equipment and weapons that were destined for #UAE and then to Saddam Haftar.

Which faction controls it?

They are cutting production due to Lower demand, and the potential for a decline in Global GDP.

Awesome timing.