Libya Oil Economy

Production, global prices, and oil revenues

Libya's economy relies centrally on oil and gas: the sector is the near-sole source of foreign currency and the largest funder of the public budget. This topic tracks crude production, global Brent prices, and actual oil revenues.

Following these indicators together helps gauge how sensitive public finances and the exchange rate are to any production or price shock.

Related indicators

Crude Oil Production

772kb/dLatest reading: 2020

Source: Central Bank of Libya

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Average Crude Oil Selling Price

71.47USD/bblLatest reading: 2025

Source: Central Bank of Libya

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Brent Crude — Global price

102.02USD/bblLatest reading: 2026-09

Source: International Monetary Fund

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Frequently asked questions

How much oil does Libya produce?

Output shifts with field conditions; the latest verified reading is available in the oil production indicator card below.

Trusted sources

National Oil Corporation

Crude oil production data and field development.

OPEC

Annual Statistical Bulletin and production quotas.

Central Bank of Libya

Economic bulletins, balance sheets and official exchange rates.

IMF — Libya

Article IV consultations and macroeconomic outlooks.

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