Libya produced 1.241mn b/d of crude on 20 March, the highest daily figure since NOC began to release such data on an intermittent basis in mid-2022. Monthly output figures, both official and from Opec secondary sources, have typically averaged 20-40,000 b/d or so less than the average of daily releases, indicating a bias towards NOC releasing stats on ‘good’ days.

Production averaged 1.16mn b/d for February, with March set to come in somewhat higher. (CONTINUED - 183 WORDS)