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Libya’s Oil Production Recovers to Pre-Blockade Level

  • Crude output reached 1.2m b/d following deal to restart oil
  • Higher production could offer some relief for oil markets
Libya’s crude output has rebounded to its early April levels. 

Libya’s crude output has rebounded to its early April levels. 

Source: AFP/Getty Images

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Libya’s crude output has rebounded to its early April levels, the OPEC member’s oil minister said, in an increase that could help cool a jittery global oil market.