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Home » OPEC output rose last month after Libya recovery, says Bloomberg survey

OPEC output rose last month after Libya recovery, says Bloomberg survey

Tuesday, October 4, 2022 Oil & Gas 1 Min Read
Brent oil price surpasses $97/barrel

OPEC production rose last month after a recovery in crisis-torn Libya and a symbolic increase pledged by other members.

The Organization of Petroleum Exporting Countries boosted oil supplies by 230,000 barrels a day to 29.89 million, with about half the gain coming from the North African country, according to a Bloomberg survey.

Libya has seen a rebound in output after the government reached a July agreement with protesters and tribal leaders to reopen fields and export terminals largely shut for months.

Bloomberg’s survey is based on ship-tracking data, information from officials and estimates from consultants including Kpler Ltd. and Rapidan Energy Group.

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The Speaker of the House of Representatives conducted a field visit to inspect the National Development Agency's projects in #Sebha, commending the tangible on-the-ground achievements realized under the supervision of the Agency's Director, Dr. Mahmud Elforjani.

The #Libya

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Key points of the agreement signed today between Libya and #Niger:

* Security coordination for the exchange of intelligence information.
* Formation of a joint security and military force.
* Establishment of permanent checkpoints along the border between the two countries.
*

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General Saddam Haftar and the Prime Minister of Niger, Mr. Ali Mahaman Lamine Zeine, sign a protocol agreement for strategic cooperation between Libya and the Republic of #Niger.

Both sides emphasized the importance of continuing consultation and coordination, and following up

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