Nigeria’s military has intensified security in the oil-rich Niger Delta to forestall vandalization of oil pipelines by militants. AFP/Getty Images)
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Leftist guerrillas in Colombia, rebels in Libya and militants in Nigeria are succeeding where the world's biggest oil producers failed, helping keep a 1.5 million-barrel crude surplus from expanding. While Saudi Arabia, Russia and other major producers couldn't agree on a production freeze earlier this month, disruptions ranging from pipeline attacks to field shutdowns have taken 800,000 barrels a day of crude supply offline this year, according to energy-industry consultant FGE. Africa's largest crude-producing nation is pumping about 1.7 million barrels a day, according to the Paris-based IEA.Brass River shipments averaged 128,000 barrels a day last year, amounting to about 6 percent of Nigeria's total cargoes, while the nation supplied about 200,000 barrels from Forcados daily in 2015, according to loading programs compiled by Bloomberg.Libya pumped about 1.6 million barrels a day of crude before the 2011 rebellion.Attacks by Marxist guerrillas also disrupted supplies from Colombia, where production has dropped to 916,000 barrels a day in March, a decline of 8 percent from December levels.The International Energy Agency estimates the crude glut will reduce 87 percent to 200,000 barrels a day in the second half of 2016 as output from non-OPEC nations slides the most in 25 years.
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