OPEC+ On Edge As Libya’s Oil Production Returns To Pre-Blockade Levels

While the OPEC+ group considers extending the production cuts for three months, oil output in Libya continues to increase and has returned to 1.25 million bpd, the level the OPEC member exempted from the cuts was pumping before the port blockade in January, Argus quoted Libya’s National Oil Corporation (NOC) as saying on Thursday. The state corporation has also discussed potential fresh investments from France’s supermajor Total in Libya’s oil industry, NOC said, as carried by Argus.   If Libya’s current level…