Algerian and Azeri crudes are in high demand to cover widespread disruptions in Libya that could take nearly all the country’s output of stream. Libyan production has been sinking fast after the anti-government Libyan National Army (LNA) told ports to halt loadings and blocked felds in mid-Janu- ary. Production had fallen to less than 290,000 b/d by 28 January, according to oil frm NOC, down from 1.1mn b/d in December, as assessed by Argus. NOC had warned that output could fall to around 70,000 b/d within days of the block- ades, with only Wafa condensate and medium sour fows from the ofshore Bouri and Al Jurf felds still available.
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