Libyan crude and condensate exports are poised to jump to a 13-month high of 1.24 million b/d this month, according to S&P Global Platts estimates compiled using data from shipping and trading sources.
This comes as Libya’s oil production has undergone a rapid rebound of almost 1 million b/d in the past two months after the UN-backed Government of National Accord and the self-styled Libyan National Army agreed a truce.
Crude and condensate loadings from Libya in December are scheduled to average 1,237,419 b/d compared with 1,070,809 b/d last month.
The last time the OPEC member exported a higher number was in October last year, when loadings averaged 1.25 million b/d, according to Platts estimates.
The increase in exports was driven by a boost in loadings from the Es Sider, Zueitina, Bouri, Brega and Zawiya terminals.