Libya accounts for most of OPEC’s oil output increase for second month in a row

Libya has made up most of the increase in oil production of OPEC countries for the second month in a row, according to Bloomberg.

Bloomberg added that OPEC members produced more than 27 million barrels of crude oil per day (bpd) in last November – a 120.000 bpd increase from October – thanks to the recovery of Libya’s oil output.

It indicated that Libya’s oil production had been boosted by an additional 110.000 bpd as it hit 1.14 million bpd – the highest since last September following the reopening of Sharara oilfield in October.

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