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In Yemen, an average of 50 thousand b/d of production might have been reduced in February as a result of yet another rebel attack on its main pipeline, Marib, last week.

16 Feb 2013

LONDON (Commodity Online): A reduction in crude oil supply from non-OPEC countries due to disruptions is estimated at 875 thousand b/d for February, around 256 thousand b/d less than the previous month, stated a recent market outlook from London based Barclays.

However, ongoing outages in Brazil, Syria and Sudan are expected to disrupt the smooth moving of the commodity, the report added.

In Yemen, an average of 50 thousand b/d of production might have been reduced in February as a result of yet another rebel attack on its main pipeline, Marib, last week.

Meanwhile, the date of return of the pipeline into service is unclear, under the assumption that this setback is maintained until the end of the month.

The pipe line has been recently pumping about 70 thousand b/d and was a target of several attacks in the past months and in January alone it was twice shutdown due to bombings.

When it comes to the North Sea supply, the Elgin/Franklin may come back online sometime during the course of the week even as an average of 45 thousand b/d may go offline from the system for February, expects Barclays.

Meanwhile, the Cormorant Alpha in the north sea is back online after a precautionary shutdown last month and brings back 10 thousand b/d of output with its return.

Natural resolution of extreme weather events in Australia and the restart of flows in Colombian pipeline systems means that supply is back to normal in these two regions.


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