Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could give OPEC+ yet another reason to reconsider its current plan to ease the ongoing cuts by 2 million bpd from January. Libya’s oil production has now reached 1.215 million bpd, the source told Reuters. Production in Libya started to rise in the middle of September after the self-styled Libyan National Army (LNA) of General Khalifa Haftar lifted the eight-month-long blockade on Libyan oil fields and terminals. Since mid-September, Libya’s National Oil Corporation (NOC) has gradually lifted force majeure on the oil terminals and oilfields, and Libya’s crude oil production rose from below 100,000 bpd during the blockade to as much as 500,000 bpd in the middle of October. NOC said over the weekend that oil production had already topped 1 […]