Libyan Oil Output: ‘Hanging On’

Vienna, Libya’s output is the biggest ‘wild card.’

Rather improbably, given that the country has two governments and it is unclear who controls the country’s oil industry, Libya’s crude output rebound of recent months continues.

Output has been remarkably steady at 800,000-900,000 b/d in October, running towards the top end of this range late in the month. This is up by a whopping 600,000 b/d on levels...