More Libyan Oil Set To Return To Market As Factions Sign Ceasefire

Warring factions in Libya signed a countrywide ceasefire on Friday brokered by the United Nations. The ceasefire is poised to lead to more Libyan oil supply to the market at a time when demand is weak, and OPEC+ prepares to ease production cuts as of January. The UN-led mediation by the 5+5 Joint Military Commission, representing the UN-recognized Government in Tripoli and the self-styled Libyan National Army (LNA) of General Khalifa Haftar, agreed to a ceasefire, which UN Acting Special Representative, Stephanie Williams, said could help secure…