Libya oil output makes high-stake but fragile return

Oil cartel OPEC saw production rise in December, as Libya’s energy sector sprang back to life following a ceasefire deal in the war-torn country. Sitting atop Africa’s largest proven crude oil reserves, Libya has been ravaged by conflict since a 2011 NATO-backed uprising that toppled and killed long-time dictator Muammar Gaddafi. As global oil prices remain volatile in the midst of the novel coronavirus pandemic, which has rattled the world economy, and further rounds of UN-backed peace talks to build on the October ceasefire and resolve Libya’s long conflict, what are the prospects for the co…

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