Libyan output is at a two-year high. IOCs are skeptical on a further hike.

NOC chief Mustafa Sanalla says production is running at 600,000 b/d and that NOC retains its plan to raise this to 900,000 b/d by the end of the year and 1.1mn b/d in 2017.

The 600,000 b/d figure, in line with other recent estimates, puts November on track for the highest monthly figure in two years. But IOCs are skeptical that the restart of the key southwestern fields, necessary to hit NOC’s 900,000 b/d...