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Oil production from mostly eastern fields is holding steady. But Jihadists are stepping up attacks on key fields in the western Sirte basin, scuppering chances of any further rises in output in the near-term.
Libya’s uncertain peace process is once more on the rocks as the latest round of talks on a unity government was postponed against a backdrop of continued fighting and terrorist attacks.
Oil production continued at an estimated 400,000 b/d, an unexpected rise on the average of 280,000 b/d for February. But the prospects of a further increase appear remote with the risks of further declines in output rising as as the security situation deteriorates.
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