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OIL
A major South Sudanese producing consortium had declared a force majeure on loadings of its key Dar Blend crude, following a rupture on the export pipeline through Sudan, Platts said.
- Loadings were suspended on Feb. 12. At least one cargo of 600k b/d was due to load Feb. 22-23, but the lifting was cancelled.
- Crude exports from neighbouring Sudan’s Bashayar terminal on the Red Sea fell to an 11-month low of 79k b/d.
- The pipeline passes through a war-torn region, although it was not clear if the damage was related to the conflict.
- South Sudan produces around 160k b/d of crude, compared to Sudan’s 50k b/d. However, it completely relies on Sudan as an outlet for its exports.
Source: Platts
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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