MIDEAST UNREST SUPPORTS
In Libya, workers' protests remain a key concern. Libya's production is expected to fall further as workers at its Arabian Gulf Oil Company (AGOCO) plan to progressively reduce output in protest over management changes and the company's structure.
Also contributing to lower supply is Iraq, where exports are set to fall sharply in September as major work is carried out at its vital southern export terminals.
In Yemen, the government said on Wednesday it had foiled a plot by al Qaeda to seize two major oil and gas export terminals and a provincial capital in the east of the country, while U.S. drone strikes killed eight suspected al Qaeda militants in Yemen on Thursday.