“Libya will likely struggle to produce above 1.3 million barrels a day,” said Mohammad Darwazah, an analyst at consultant Medley Global Advisors. “There is not much upside from these levels in the absence of investment.” He added.
According to Bloomberg, Libyan officials have hinted that they won’t discuss a potential OPEC quota for the country until it’s pumping at least 1.7 million barrels daily.
OPEC typically gives any member suffering from conflict several years to recover before trying to cap its output.