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

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

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.