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: 国产亚洲欧美成人久久片| 日韩av片无码一区二区不卡电影| 在线观看片免费人成视频播放| 免费**毛片在线播放直播| 一本色道久久88—综合亚洲精品| 美女扒开粉嫩尿口的漫画| 把她抵在洗手台挺进撞击视频 | 果冻传媒app下载网站| 国产精品亚洲色图| 亚洲伦理中文字幕| 免费h片在线观看网址最新| 最近中文字幕国语免费完整| 国产极品美女到高潮| 久久精品国产99国产精品亚洲| 青青视频国产在线播放| 无码人妻久久一区二区三区不卡| 四虎影院永久网址| 一区二区精品视频| 特级按摩一级毛片| 国产精品第九页| 亚洲av无码片vr一区二区三区| 黄色大片网站在线观看| 日本三级韩国三级三级a级按摩| 喷血推荐长腿连衣裙美女刚进房间| 丁香六月激情综合| 激情小说视频在线观看| 国产精品视频你懂的| 亚洲2022国产成人精品无码区| 青青草97国产精品免费观看| 撞击着云韵的肉臀| 免费人成在线观看网站品爱网日本 | 麻豆成人久久精品二区三区免费| 日本免费新一区二区三区| 向日葵app下载观看免费| jizz在线看片| 欧美婷婷六月丁香综合色| 国产成人久久精品二区三区 | 在线日本妇人成熟| 日本熟妇色熟妇在线视频播放| 含羞草实验研所入口| 99久久综合国产精品免费|