Oil Price Analysis
Essay specific features
April 11, 2016
No of pages / words:
2 / 286
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Traders are betting this rapid growth will continue for several years.
US demand has risen because of strengthening economic recovery and greater need for higher grade crude oil suitable for processing into petrol (gasoline) for the fuel-hungry Sport Utility Vehicles (SUVs) popular with US drivers.
Among suppliers only Saudi Arabia has significant spare capacity that it can make available to the market...
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Recent violence in Iraq and Saudi Arabia has again raised fears about an interruption to supplies.
Iraqi exports have been cut by sabotage attacks on oil facilities. The reduction in supplies has been fairly modest but it has caused some doubts about Iraq's longer term prospects of becoming a large and stable oil exporter...
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