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Libya’s Oil Recovery Boosts Global Supply in November

Summary by LibyaReview
The International Energy Agency (IEA) reported in its November 2024 bulletin that global oil supply surged by 290,000 barrels per day (bpd), reaching 102.9 million bpd in October. This growth is attributed primarily to Libya’s recovery in oil production. The IEA forecasts that non-OPEC+ nations will boost oil supplies by approximately 1.5 million bpd this year and next. Conversely, OPEC+ member states are expected to cut output by 820,000 bpd in…
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