Chinese oil interests attacked in Libya

CNPC, China’s largest oil producer, on Thursday said its facilities in Libya had been attacked, marking the first confirmation of violence against oil producers as unrest sweeps the country. Major oil companies including Eni of Italy and Repsol of Spain have evacuated from Libya in recent days as violence escalated. The shutdowns have caused Libya’s oil output to fall by half, sending oil prices higher amid global fears that unrest in the Middle East will lead to shortages. News of the attack will heighten concerns among oil industry executives that the turmoil in Libya may lead to widespread sabotage of...