Libya's NOC says the fire at Sharara pipeline has been extinguished

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Libya's NOC says the fire at Sharara pipeline has been extinguished

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The extinguishing of the fire at Libya's Sharara pipeline is likely to stabilize oil supply concerns in the region. This development could alleviate some pressure on crude prices, given that Sharara is a significant contributor to Libyan oil production. Traders should watch for any changes in supply outlooks as this situation unfolds.

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