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Home Business

Libya restarts oil production after political crisis

3 October 2024
in Business
Libya restarts oil production after political crisis
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Roula Khalaf, Editor of the FT, curates the Unlock the Editor’s Digest newsletter featuring Libya’s announcement to resume full oil production, adding 700,000 barrels a day to the market following a political dispute resolution. The move is expected to mitigate concerns over oil supply disruptions amidst escalating conflicts in the Middle East, impacting global oil prices. The resumption follows a standoff between rival factions in Libya, with the country divided since 2014, but recent agreements have paved the way for production to resume.

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Tags: CrisisLibyaoilPoliticalProductionRestarts
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