Libya’s oil production decreased in September to approximately 1.16 million barrels per day, down from around 1.2 million barrels in August, according to data from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency.
During September, Nigeria remained the leading oil-producing country in Africa, with a production of 1.39 million barrels, compared to 1.26 million barrels in August.
Libya followed Nigeria in the second position in Africa with 1.16 million barrels, followed by Angola in third place with 1.11 million barrels, and Algeria in fourth place with 950,000 barrels.
A survey conducted by Reuters in early October indicated that OPEC’s oil production increased in September for the second consecutive month.
This increase was driven by higher production in Nigeria and Iran, despite Saudi Arabia and other members of the broader OPEC+ alliance continuing to reduce production to support the market.
The survey showed that OPEC pumped 27.73 million barrels per day in September, an increase of 120,000 barrels per day from August, marking the first production increase since February 2023.
Nigeria led the rise in oil production, despite facing challenges such as crude oil theft and security issues, as reported by Reuters.
The fluctuations in oil production in Libya and other OPEC countries continue to impact global oil markets and prices, influencing energy policies and economic decisions worldwide.
