A leak that forced the shutdown of an oil pipeline in Libya has reduced its recovering oil production by as much as 200,000 bpd, Bloomberg reports , noting the challenges the country faces in ramping up its oil output. The pipeline carries oil from two fields operated by Waha Oil to the Es Sider oil port. Libya’s crude oil production rebounded from less than 100,000 bpd in early September to over 1.2 million bpd by November as eastern government-affiliated forces lifted an eight-month oil port blockade that had stifled Libya’s oil industry. The National Oil Corporation also had plans to boost production further to at least 1.7 million bpd, its chairman Mustafa Sanalla told the Wall Street Journal in November. These developments interfered with the hopes of Libya’s fellow OPEC members of higher prices thanks to the deep OPEC+ production cuts agreed earlier in the year. Analysts, however, have […]