LIBYA

With export routes out of the country blocked by protesters and a federalist movement demanding greater autonomy for the eastern part of the country, Libyan crude output remains below 200,000 b/d.

According to NOC data, exports for April were just over 5mn barrels (167,335 b/d), the lowest so far this year and down from over 800,000 b/d for 2013 and 1.3mn b/d for 2012 (see graph). The offshore-loading Bouri and al-Jurf terminals have not surprisingly been the most ‘instability...