It is also pumping 1.3 million barrels of oil daily and plans to increase this to 2.1 million bpd within four years. Libya has been the odd man out in OPEC production cut agreements, exempt from any because of its political turmoil. With this degree of dependence, a return to normal would unavoidably involve a boost in oil production. India (again) has already warned that its economic recovery will suffer setbacks because of the rebound in oil prices. To be fair, few believe that Libya has what it takes to secure lasting peace so its oil production can continue to grow, affecting global oil prices.

Source: Libya Today March 17, 2021 21:00 UTC