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Unplanned supply outages are taking an increasing volume of oil off the market and are the key reason the US tight oil boom has not caused a sharp drop in global oil prices. In the first five months of 2014, 3.8 million b/d has been deferred, compared to an average of 850,000 b/d between 2008 and 2010. OPEC countries have recently been particularly affected, especially in the Middle East and North Africa.
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.
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Insight | Jul 2014
Global supply outages on the increase
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