Libya expects its oil output to drop by another 200K barrels/day over the next week

Bloomberg had the report over the weekend, saying output will be down a total of 700,000 barrels a day, the lowest in more than a year, due to earlier disruptions. This:

  • could counter efforts by the Organization of Petroleum Exporting Countries and its partners to boost exports

Libya’s state-owned National Oil Corp. says more investment is needed for the coutnry to bring output back to levels of last year.

Bloomberg link for more info (may be gated).

libya oil

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