18 August 2011 16:51 [Source: ICIS news]
LONDON (ICIS)--A further deterioration of security in ?xml:namespace>
Energy traders are currently focused on economic and fiscal issues in the
“What happens is that people’s interest comes and goes,” she said. “But all of these issues [in the
However Reuters, BBC News and Associated Press all carried reports on Thursday that Libyan rebel leaders had seized the country’s only operating refinery, at Azzawiya, 50km (31 miles) west of the Libyan capital Tripoli. Fierce fighting has taken place in Azzawiya over the past few days. At the same time, US president Barack Obama issued a statement calling on the president of
Meanwhile, Yemeni president Ali Abdullah Saleh said on Wednesday that he planned to return to the capital, Sanaa, in the coming weeks. He survived an assassination attempt on 3 June, and was flown to
“It’s a bit of a concern, given the volumes involved,” said Samuel Ciszuk, MENA energy analyst at HIS Global Insight in the US. “There is 1.7m bbl/day shutdown in
The loss of Syrian production would be a particular problem for European refiners, Sen said, as around 50% of its output is light sweet crude, which is easy to refine. Most of the oil
Oil output in Libya is currently understood to be negligible and the main pipeline linking Azzawiya with the country’s southern oil fields was cut off during fighting earlier this year, although some oil had been transported to the refinery by truck while strategic supplies remained in place in Azzawiya and
“At the moment, people are focused on Europe and the
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