Libya’s NOC says production to rise as it seeks to revive oil industry

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Reuters
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ID: 
1600772278581177200
Tue, 2020-09-22 10:54

LONDON: Libya’s National Oil Company said it expected oil production to rise to 260,000 barrels per day (bpd) next week, as the OPEC member looks to revive its oil industry, crippled by a blockade since January.
Oil prices fell around 5 percent on Monday, partly due to the potential return of Libyan barrels to a market that’s already grappling with the prospect of collapsing demand from rising coronavirus cases.

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