OPEC Task Got Harder With Libya at 1.1 Million Barrels a Day
- African nation raises oil output to the highest since January
- Country’s recovery hinges on talks to end near-decade of war
Source: AFP/Getty Images
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Libya boosted oil output to more than 1.1 million barrels a day, inching closer to the level it was producing at before the country’s civil war all but shut down its energy industry in January.
The OPEC member, home to Africa’s largest crude reserves, ramped up production at its biggest oil fields including Sharara and Waha, according to a person familiar with the matter who asked not to be identified because the information isn’t public. It’s the first time Libya has reached this landmark since early January.