Bloomberg had the report over the weekend, saying output will be down a total of 700,000 barrels a day, the lowest in more than a year, due to earlier disruptions. This:
- could counter efforts by the Organization of Petroleum Exporting Countries and its partners to boost exports
Libya’s state-owned National Oil Corp. says more investment is needed for the coutnry to bring output back to levels of last year.
Bloomberg link for more info (may be gated).
