OPEC oil production rebounded from its lowest this year thanks to Libya resolving, even if temporarily, a political crisis over control of the Central Bank, Reuters has reported. Libyan output has fully recovered after the country’s eastern-based government and Tripoli-based National Oil Corp (NOC) announced last week the reopening of all oilfields and export terminals.
Libya was pumping ~1.2 million barrels of crude per day before production at the Sharara, El Feel and Essider oilfields was halted in late August. According to oil analytics…Libyan Oil Output Resumption Significantly Increases OPEC Output
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