General view of the Libyan state National Oil Corporation (NOC) in Tripoli, Libya, July 14, 2022. (REUTERS/Hazem Ahmed)BloombergLibya’s government, National Oil Corp. and protesters have reached an agreement to reopen oil fields and export terminals, officials said. The deal follows a pledge from the new head of Libya’s National Oil Corp. to end a blockade and double crude production to 1.2 million barrels a day within a week. The slump has exacerbated a supply shortage in oil markets, putting upward pressure on prices that have added to inflation across the globe. US Ambassador to Libya Richard Norland said on Twitter on Thursday that the embassy is "following with deep concern” the developments at the oil company.
