February 4, 2023

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).

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