Libya's crude production averaged around 1.11 million b/d in 2021, compared with 360,000 b/d and 1.05 million b/d in 2020 and 2019 respectively.

With Russia nearing its maximum capacity and Nigeria, Angola and several other countries struggling to maintain output, OPEC+ sustainable spare capacity will shrink to just 1.2 million b/d by June, lessening the group's ability to offset disruptions.

The country's oil production is set to reach the pre-pandemic level by May next year, as the OPEC+ alliance continues to increase output monthly to meet rising demand.

Preliminary production figures for November 2021 show an average daily production of 1 999 000 barrels of oil, NGL and condensate.

World oil demand is kept unchanged compared to last month’s assessment, showing a growth of 5.7 mb/d in 2021.

The Neutral Zone fields, which lie in onshore and offshore territory shared by Saudi Arabia and Kuwait at their border, were offline for more than four years until 2020, due to a political dispute that was resolved with a signing of an agreement in December 2019.

Iraq's OPEC+ quota rose to 4.193 million b/d last month, from 4.149 million b/d in October, as the coalition continued to raise production caps.

OPEC's 13 countries pumped 27.85 million b/d, up 300,000 b/d from October, while Russia and eight other partners produced 13.86 million b/d, up 200,000 b/d

Daily average output was up on 10.85 mil b/d in October. Total production volumes in October were 45.91 mil mt.Output was up 8.6% on the 41.03 mil mt, or 10.03 mil b/d in November 2020.

Preliminary production figures for October 2021 show an average daily production of 2 062 000 barrels of oil, NGL and condensate.