Energy industry watchers said Wednesday optimism over the rebound of Libyan oil production should be tempered. Forecasts of the potential in Libya’s oil sector have waxed and waned since the end of civil war in 2011. The country has yet to pass its pre-war peak of 1.4 million barrels per day and early 2014 output had plummeted to well below 500,000 bpd. The National Oil Co. said late Tuesday production from the giant El-Sharara field had resumed. It has a capacity for 340,000 bpd, but an unidentified industry source told the Platts energy reporting agency it was too early to declare recovery. “It was down for a long time,” the source said . “It will not be at full capacity for weeks, or even months.” The pipeline connecting the field to export terminals has been blocked off by protests for most of the year. In April, the Libyan government […]