Libya Sets New Oil Production Record

Libya’s National Oil Corporation (NOC) said it has hit a new production high, pumping 1,386,030 barrels of crude oil and condensate daily, along with 203,017 barrels of gas equivalent (boe). That brings Libya’s total production to 1,589,047 barrels per day—a major milestone for the oil-rich nation. The announcement comes as global oil prices remain relatively steady, with Brent crude trading at $73.04 per barrel. The US benchmark WTI is trading at $68.58. Last month, Libya’s National Oil Company said its crude oil production…