WASHINGTON, Oct. 8 (UPI) -- Global disruptions to crude oil production have abated, though there are still lingering concerns in the Middle East, a monthly market report finds.
The U.S. Energy Information Administration said in its monthly market report for September near-term supply disruptions have abated since June, when the group calling itself the Islamic State started gaining ground in northern Iraq and Libya's production was suppressed.
Since then, EIA said much of the production from northern Iraq was spared and southern exports were largely unaffected by the violence. For Libya, its production of 800,000 barrels per day last month was the highest in more than a year.
"However, the security situation in Libya is still precarious, with a significant possibility of intermittent disruptions," EIA said in the report published Tuesday.
Violence in Tripoli forced the Libyan Parliament to move to the fortified eastern port city of Tobruk in August. Earlier this week, IS reportedly were seen displaying their banner in parts of Libya.
EIA said much of the growth in world oil production comes from outside OPEC, with North America leading the way.
Total U.S. crude oil production in September averaged 8.7 million bpd, the highest level since July 1986.
