Clashes erupt at Libyan oil terminals

• Clashes erupt at oil terminals in eastern Libya, as tensions mount in the region.
• The forced closure of Libya's key oil ports by striking guards and workers has more than halved the country's oil production to ~600K bbl/day in recent weeks; oil usually is exported from Libya through a partnership between state-run NOC, Occidental Petroleum (NYSE:OXY) and OMV (OTCPK:OMVJF).
• Libya's coast guard yesterday stopped a tanker from entering at the Es Sider terminal amid fears gunmen are trying to market oil outside government control; the port exports oil from concessions run by Libya's NOC with Marathon Oil (NYSE:MRO), ConocoPhillips (NYSE:COP) and Hess (NYSE:HES).