OPEC Oil Production up due to Libya Production Increase

Reuters has reported that OPEC oil production is up for the second month in a row in November with the recovery of Libyan production.
The agency said that surveys showed the organization pumped 26.5 million barrels per day last month, an increase of 180 thousand barrels per day from last October due to the recovery of Libyan production.
Reuters also said that Libya recorded the largest increase in the organization’s production due to the recovery and increase in its crude oil production, after the resolution of the recent crisis, referring to the management of Central Bank, in addition to the fact that it is exempt from production reduction agreements.

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