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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Iraq represents the most obvious near-term threat to global supplies, but because the bulk of the country’s output is located in the south, far from the unrest, the potential outage is likely capped at 600,000 bpd, and would probably be temporary. mb/d, meaning Libya won't be able to bring output back to pre-war levels of 1.6 mb/d currently.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. Amin Nasser’s aim is to go beyond global oil markets.

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