The monthly report from OPEC revealed a rise in Libya’s crude oil production by 24,000 barrels per day in June, bringing the country’s output to 1.200 million barrels per day, up from 1.177 million barrels per day in May.
According to the OPEC report on the oil market, Saudi Arabia experienced the largest decline in crude oil production in June, while Libya and Venezuela saw the greatest increases in daily output.
Last Tuesday, the National Oil Corporation (NOC) announced its plan to boost production rates through the Waha Oil Company, aiming to raise its daily crude oil output to 322,000 barrels. Additionally, the NOC reported that the Sarir Oil Company achieved a daily increase of 7,800 barrels as part of its strategic plan to enhance production.