Offshore

Libya adds to OPEC's burden as output at highest since 2014

Libya's oil output is at a two-year high, and the soaring oil production puts pressure on the OPEC members who recently signaled that they may extend cuts amid a slump in oil.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
BY SALMA EL WARDANY, SALEH SARRAR & HATEM MOHAREB, BLOOMBERG

Libya is pumping the most oil in more than two years as the OPEC member restores output amid progress in mending the nation's political divisions. The increase adds pressure on the world's biggest producers who just signaled they may extend production cuts amid a slump in oil.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs