OPEC's production of oil increases after Libyan recovery


(MENAFN) OPEC"s oil output has boosted in January from December"s 2-1/2-year low as Libyan supply has improved, according to Arab News



Output from the Organization of the Petroleum Exporting Countries reached 29.94 million barrels per day (bpd), up from a revised 29.63 million bpd in Decembe



Carsten Fritsch, analyst at Commerzbank in Frankfurt, said: "Over the next few months, the big challenge for OPEC will be to respond appropriately to any further normalization of oil production in Libya.


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