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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said. “The

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

Green Car Congress

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 Nigerian production hit 30-year lows in May as militancy continued in the country’s oil rich Niger Delta. The situation remains volatile.

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"Transmission Losses:" West African pirates

Plugs and Cars

West Africa's burgeoning oil industry has a pirate problem. Most were related to the oil industry. The US Africa Command, inaugurated in 2008, will undoubtedly play a major role to enable safe passage of this increasingly vital oil. By 2015 the region is expected to be supplying 25 percent of U.S. oil imports.

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