Rival governments in Libya have reached an initial deal they hope will resurect exports, giving the country a much needed revenue boost. But issues remain if Libya wishes to meet its ambitious 900,000 b/d output target by the end of the year.

The governments of the US and several European nations have issued a joint statement expressing their concern over potential damage to the Zueitina oil export terminal from fighting in the area. The conflict around Zueitina is a potential blow to an...