The crisis in South Sudan, which has left hundreds dead, has started to hit global oil supplies, compounding the effects of production losses in Nigeria and Libya and putting upwards pressure on oil prices.
Africa has replaced the Middle East as the focus of concern over global oil supplies due to recent disruptions in the three petroleum-rich countries. “People are expecting a shortage in supply,” Ali Naimi, the veteran Saudi oil minister, said this weekend in an unusual warning.
Rebels yesterday captured the capital of South Sudan’s oil-rich Unity State, Bentiu, intensifying fears over the risks to the country’s oilfields.
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