Opec’s El-Badri sees swift Libyan oil return
Libyan oil production will hit 1 million barrels a day (b/d) in six months, and reach pre-war levels in less than 15, said Opec secretary general Abdalla El-Badri on Tuesday
The general secretary's statement confirmed yesterday’s production update from Petroleum Economist. He added that the country’s oil infrastructure was relatively unscathed, contrary to some media reports, and that the return of Libyan oil to the market would not dramatically affect prices because of the specific nature of the light sweet crude and the country’s long-standing customers. “There is not much damage to the oil facilities and NOC (National Oil Corporation) and the government are moving fast to come up with 1 million [b/d] in six months and go back to normal production in 15 months or less,” El-Badri told the Oil and Money conference in London. “Prices will not be affected dramatic
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
