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The 5 Countries That Could Push Oil Prices Up

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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. The threat of an outage will carry more weight as the oil market tightens. Iran probably won’t pose a supply risk to the market, at least not this year. by Nick Cunningham for Oilprice.com. bank Citi said.

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

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Maintenance of the field is expected, resulting in a shut-down of production—something that has been confirmed by Sadad Al Husseini, former VP Aramco. Amin Nasser’s aim is to go beyond global oil markets. These technical challenges will need an increased amount of investments, which will be hard to come by in today’s market.

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Oil Prices Running Out Of Reasons To Rally

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At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. Iraq is committed to achieving producers’ joint goals to control the oil glut in world markets.”.