Libya’s crude oil production could accelerate beyond 700,000 b/d by the end of the year after the United Nations confirmed that the country’s two rivals groups signed a permanent truce, industry sources and analysts said Oct. 23. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The UN said in a statement on Oct. 23 that the country’s two warring factions — the UN-backed Government of National Accord and the self-styled Libyan National Army — signed “a permanent ceasefire in all areas of Libya.” The deal was signed in Geneva, Switzerland with representatives of the GNA and LNA present. The North African oil producer has been wracked by […]