Exxon stops all Libya oil trade: sources

LONDON Mon Mar 7, 2011 12:53pm EST

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LONDON (Reuters) - Exxon Mobil has stopped trading crude oil with Libya to comply with U.S. sanctions, two trading sources told Reuters on Monday citing unofficial information they received from the U.S. supermajor.

Sources also said they understood U.S. oil firms ConocoPhillips and Marathon, which are stake holders in Libyan oil production projects, have also either fully scrapped or reduced dealings with the country.

Earlier on Monday, trade sources told Reuters Wall Street bank Morgan Stanley had also stopped all contracts with Libya.

(Reporting by Dmitry Zhdannikov)

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