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Libya Oil Output Rebounds With Power Returning at Fields

  • Crude production picks back up to 700,000 barrels a day
  • Libya’s western region hit by total blackout on Jan. 14

Libya’s oil production rebounded to about 700,000 barrels a day after dipping temporarily due to power outages that disrupted operations at some of the OPEC member’s fields.

Electricity is returning gradually to fields in western Libya following a blackout on Jan. 14, according to a person familiar with the matter, who asked not to be identified for lack of authorization to speak to news media. Oil output dropped to 655,000 barrels a day this week as a result of the outages, and production should increase further as electricity is restored at more fields, the person said.