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Steady oil production stabilises Libya

Libya is producing about 1.2m b/d, close to its post-2011 revolution maximum. In September it produced an average of more than 1m b/d and in August 950,000 b/d. The most serious threat to output is currently bad weather in the Mediterranean, which at the end of November prevented tankers from loading at Ras Lanuf, Zueitina, Zawiya and Sidra. Repeated attacks on the Sidra and Ras Lanuf oil terminals in past years damaged storage tanks so capacity is now limited. This means any interruption to exports triggers a rapid cut in output.

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