War Damage to Slow Return of Libyan Oil – IEA

Reuters reported that according to the IEA, Libyan oil production is returning really faster than expected but a full return to normal output will not be before 2013.

As quoted in the market news:

The International Energy Agency said it expects Libya to produce around 1.17 million barrels per day (bpd) by the end of next year, well below the 1.6 million bpd seen before the uprising and overthrow of former dictator Muammar Gaddafi.

Click here to read the full Reuters report.