Libya’s Oil Production Hits 1.2 Million Bpd ...Middle East

Libya’s National Oil Corporation (NOC) has said that the country’s crude oil production has reached 1.2 million barrels per day (bpd), the Libyan News Agency reported on Wednesday. According to secondary sources in OPEC’s latest Monthly Oil Market Report (MOMR), Libyan crude oil production averaged 1.161 million bpd in March, down by 2,000 bpd compared to February. Libya is exempted from the OPEC+ agreement for the reduction of oil supply to the market because of the African OPEC member’s volatile security situation in recent…

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