Libya's oil production could soar higher despite OPEC weighing cuts
November 20, 2018 at 10:01 AM EST
Libya's output has skyrocketed to its highest level in more than five years, reaching 1.28 million barrels per day by November, more than double its June production. With oil prices now hovering near bear market territory, OPEC is in talks with Libya about a production cut deal — but its oil chief says the country should be exempt.