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which has helped New York next-month crude futures prices to over $33/bbl Jan. 3, is that the Venezuelan oil supply disruption has already occurred. And markets are already feeling the effects. The most notable effect in the US has been the
With an oil supply disruption forcing the U.S. to rediscover links between energy and national security, it's time to repeat the steps government should
withdraw from Kuwait, the House energy committee last week sought to determine if the U.S. is ready for an oil supply disruption . And as so often happens at congressional hearings, participants often lost sight of the central question. Rep
however, will largely be weather dependent. UK gas prices jumped due to some very cold weather and the threat of some supply disruption from Algeria. Healthy storage levels for now have kept gains limited.” A stronger dollar has been a drag on
a big oil user, Bartis points out, it's neither a major influence in the market nor especially vulnerable to supply disruption . Its oil use represents less than half a percent of global petroleum demand, the analyst notes. And its supplies
as revenues fail to buy compliance among populations, and internal unrest among producers, which could lead to supply disruption followed by prices bouncing back. • Underlying all this is a fundamental dilemma for the Organization of Petroleum
These crudes also tend to react to political tensions more than do domestic crude oils due to the possibility of supply disruption . The increase in domestic light, sweet crude production has created an increased source of supply for US refiners
a big oil user, Bartis points out, it’s neither a major influence in the market nor especially vulnerable to supply disruption . Its oil use represents less than half a percent of global petroleum demand, the analyst notes. And its supplies are
drawn down from 727 million bbl during the summer of 2011 in the IEA-coordinated release in response to Libya's supply disruption . Commercial stocks of oil products will close 2012 slightly below end-2011 levels. OGJ sees product inventories
Global Energy Studies, London. “Oil futures moved upward on continued concerns over an anticipated short-term supply disruption due to maintenance in the North Sea and on increased hope that Euro-zone leaders will make progress on resolving the