The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Oil rally seen having more to go as millions of barrels are lost

Pubdate:2016-05-20 10:18 Source:mcc Click:
MELBOURNE, Australia (Bloomberg) -- Oil prices are yet to reflect all of the millions of barrels of crude lost to supply disruptions, according to Australia & New Zealand Banking Group Ltd.
 
Almost 2.5 MMbpd of supplies have been removed from the oil market this year because of outages from Canada to Nigeria, with most of them occurring over the past month, ANZ analyst Daniel Hynes wrote in a report dated May 19. The disruptions are not only set to remain in place, but intensify over the coming weeks, according to the bank.
 
“The fact that oil hasn’t pushed through $50/bbl suggests the market is discounting the impact of the disruptions,” the analyst wrote in the report. “As these issues linger on, we expect an increasing supply risk premium will price into the market.”
 
Brent crude, the benchmark for more than half the world’s oil, has surged more than 75% from a 12-year low earlier this year as attacks on pipelines in Nigeria to Colombia, wildfires in Canada and a slowdown in U.S. output help curb a global glut. While those outages persist, a cash-strapped energy industry, ongoing political crises and a worsening drought threaten to cut a “significant” part of OPEC member Venezuela’s 2.5 MMbopd production capacity, according to ANZ.
 
Brent futures traded down 1.6% at $48.17/bbl on the London-based ICE Futures Europe exchange at 11:14 a.m. Singapore time. West Texas Intermediate crude, the U.S. benchmark, was 1.4% lower at $47.51 on the New York Mercantile Exchange.
 
Venezuela Crisis
 
Halliburton Co. and Schlumberger Ltd. have curbed activity in Venezuela due to lack of payment during the worst financial crisis in the nation’s oil industry. The Latin American nation with the world’s largest oil reserves relies on crude shipments for 95% of export revenue, and requires a higher price than almost every other member of the Organization of Petroleum Exporting Countries to balance its budget.
 
In Nigeria, militants are again blowing up the pipelines that criss-cross the mangrove swamps of the nation’s Niger River delta, reducing oil output to the lowest in almost three decades. Meanwhile, wildfires at the heart of Canada’s energy industry has almost doubled over the past week, ravaging an area five times bigger than New York City.
 
Prices haven’t risen more because crude inventories are “so high” and refiners can rely on stockpiles, Jeffrey Currie, the global head of commodities research at Goldman Sachs Group Inc., said earlier this week. A decline in production driven by the unexpected supply disruptions, as well as sustained demand, have resulted in a “sudden halt” to the global glut, the bank had said in a report dated May 15.
主站蜘蛛池模板: 免费看黄色一级| 成+人+黄+色+免费观看| 国产小呦泬泬99精品| 亚洲va韩国va欧美va| 香蕉免费在线视频| 欧美一级做一a做片性视频| 国产精品无码久久久久| 亚洲午夜精品久久久久久人妖| 97久久精品人人做人人爽| 欧美日韩黄色片| 国产精品亚洲视频| 亚洲丝袜中文字幕| 黄色网页免费观看| 日本免费一本天堂在线| 四虎影视8848a四虎在线播放| 中文字幕99页| 男和女一起怼怼怼30分钟| 在线观看亚洲av每日更新| 亚洲日韩在线中文字幕综合| 奇米四色77777| 日韩精品无码一区二区三区AV| 国产午夜鲁丝片av无码免费| 一本色道久久88加勒比—综合| 亚洲妇女水蜜桃av网网站| 18女人腿打开无遮挡网站| 榴莲视频在线观看污| 国产成人小视频| 中文无码热在线视频| 精品一区二区久久久久久久网精 | 日本xxxxx在线观看| 日韩欧美一区二区三区视频| 国产乱人视频在线观看播放器| 一边摸下面一别吃奶| 爱情岛永久入口线路首页| 国产精品无码无在线观看| 久久精品视频一区| 老师xxxx69动漫| 在线不卡一区二区三区日韩| 亚洲人成亚洲人成在线观看| 草莓视频网站下载| 天天成人综合网|