The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks
Green Car Congress
JULY 16, 2017
His assessments are based on regional (OPEC) developments, as production of oil and gas in the so-called cheap oil regions is also under threat. If Saudi Aramco or QP are already experiencing production threats, the situation in other production regions, such as Nigeria, Libya or Mexico, could be even more dire. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary. by Cyril Widdershoven for Oilprice.com.