- China began to re-implement COVID-19 restrictions just weeks after considerable relaxation in key cities such as Shanghai
- The nation reported 143 cases on Sunday as the number of new infections increased, and 45 additional cases were recorded today in Beijing, necessitating widespread testing
- This uptick in COVID-19 cases in Beijing could dampen expectations for a Chinese oil demand rebound
- Libya's oil production has almost completely halted as a result of the political crisis (BBG)
- Exports were ceased last week after protesters shut the two key eastern oil ports of Es Sider and Ras Lanuf
- The OPEC member’s daily output has dropped by roughly 1.1 MMBbl/d from last year's average of 1.2 MMBbl/d, according to Oil Minister Mohamed Oun, suggesting the nation is pumping only about 100 MBbl/d