Libya Daily Oil Output Hits 11-Year High, Highlighting Rebound
- Production on Thursday rose to 1.422 million barrels a day
- Political crisis earlier this year had cut output in half
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Libya’s oil production has risen to the highest daily level in more than a decade, just months after a political crisis slashed the country’s output.
Crude and condensate production hit 1.422 million barrels on Thursday, the National Oil Corp. said in a post on X. That exceeds the state oil-firm’s target by 22,000 barrels. It’s also the highest daily volume since 2013, according to the NOC.