While the OPEC+ group considers extending the production cuts for three months, oil output in Libya continues to increase and has returned to 1.25 million bpd, the level the OPEC member exempted from the cuts was pumping before the port blockade in January, Argus quoted Libya’s National Oil Corporation (NOC) as saying on Thursday. The state corporation has also discussed potential fresh investments from France’s supermajor Total in Libya’s oil industry, NOC said, as carried by Argus. If Libya’s current level of production holds, it will give OPEC+ another headache next year, considering that Libya is exempted from the cuts and at the time the new OPEC+ pact was agreed, the North African producer was pumping less than 100,000 bpd due to the eight-month-long blockade that ended in September. At the end of last week, Libya’s production was already exceeding 1.2 million bpd , sources in the Libyan oil […]