Libya’s Oil Production Tops 1 Million Bpd as Political Stalemate Ends

For the first time since the end of August, Libya’s oil production exceeded 1 million barrels per day (bpd) on Sunday, after the warring factions reached a deal on how to elect the new leadership of the African OPEC member’s central bank. Libya’s oil output stood at 1.067 million bpd on Sunday, anonymous sources with knowledge of the matter told Bloomberg on Monday.   Full-scale crude oil production resumed on Thursday, October 3, after more than a month of suspended output due to a political standoff between the eastern…