After a tumultuous monthslong decrease, Libyan oil production has risen to over a million barrels a day again since mid-July. Stabilizing Libyan oil production, which isn't currently limited by OPEC production caps, could add half a million to a million more barrels of oil to the market per day. Libyan oil has never stopped flowing, though. "Addressing the vulnerabilities in Libya's petroleum product sector is complicated," Badi wrote in a June report on the Libyan oil industry for Germany's Friedrich Ebert Foundation. Oil production was high and the NOC behaved responsibly, Harchaoui continued.

Source: Libya Today August 10, 2022 09:32 UTC