Libya won’t attend April oil meeting, wants to boost output: source

News | Oil

OPEC member Libya does not plan to attend an April 17 oil producer meeting about freezing production to support prices because it wants to increase output when the situation allows, a Libyan OPEC delegate said. “We are not going,” the delegate said, referring to the meeting in Doha next month. Libya pumped 1.6 million barrels per day (bpd) of crude before the 2011 civil war. Output has been slowed by continued unrest and is currently below 400,000 bpd.