Production outages…

From the WSJ, http://www.wsj.com/articles/fueling-oils-push-to-50-fear-is-back-1464427980:

“About 3.5 million barrels a day worth of production is off line because of disruptions such as militant attacks in Nigeria, wildfires in Canada and political unrest in Libya—more than 3% of the global total, says research firm ClearView Energy Partners LLC. That is likely the highest since the Iraq war hit output there in 2003, says Jacques Rousseau, the firm’s managing director of oil and gas.”

“Some think the rise in outages is in part a byproduct of depressed crude prices. When oil is cheap, producing nations’ budgets suffer. That makes it harder for some governments to boost spending to head off unrest and deprives oil facilities of money needed for maintenance and recovery.”