- LNG market disruption may continue for months as a top producer withholds some Italian shipments
- Iraq’s push for bigger OPEC quota driven by revenue pressures, new oil investment
- Libya’s oil production reaches highest level since 2013, nears 1.5 million bpd
- Barclays cuts Brent price forecasts for 2026 and 2027
- Putin: Stability in the Middle East will support global energy markets
- The Arab Region’s LNG Pioneer Passes Away
- UAE left Opec to pump more as end of oil era looms, presidential adviser says
- QatarEnergy signs MoU for gas cooperation with Egypt in the Eastern Mediterranean
- Aramco Chief: Saudi Arabia seeks to increase its exports from the port of Yanbu on the Red Sea to 5 million barrels per day
- IMF, World Bank, others warn Middle East war is straining energy supplies
Libya’s oil production reaches highest level since 2013, nears 1.5 million bpd
The National Oil Corporation (NOC) announced that Libya’s oil production has reached its highest level since 2013, with total daily output of crude oil and condensates rising to 1,487,723 barrels per day (bpd), bringing the country closer to its target of 1.5 million barrels per day.
According to the NOC, crude oil production reached 1,438,560 barrels per day on Sunday morning, while condensate output stood at 49,163 barrels per day, bringing total production to nearly 1.49 million barrels per day.
The announcement was made during a meeting held at the NOC headquarters in Tripoli, chaired by NOC Chairman Massoud Sulaiman and attended by board members, heads of boards and management committees of operating and affiliated oil companies, as well as directors of relevant departments
Source: Reuters
