Libya oil output hits 885,000 Bpd

Omkar Godbole FXStreet Contributor

As per Reuters report, Libya is now producing 885,000 barrels of oil per day it reached an agreement with German Wintershall that will see the latter restart production at fields with a combined output of 160,000 bpd. The country aims to raise production to 1 million bpd by the end of next month.

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Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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