Libya’s Oil Production Exceeds 1.2 Million Bpd

Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could give OPEC+ yet another reason to reconsider its current plan to ease the ongoing cuts by 2 million bpd from January.   Libya’s oil production has now reached 1.215 million bpd, the source told Reuters.    Production in Libya started to rise in the middle of September after the self-styled Libyan National Army (LNA) of General Khalifa…