Recent disruptions of crude ordsprog

Recent disruptions of crude oil production in Nigeria and tensions between the West and Iran over its nuclear program... have contributed to concerns about OPEC's ability to supply the market.

Although the market is also well supplied with crude oil and products, it was roiled by geopolitical events - insurgency in Nigeria's oil-producing region and the potential for sanctions against Iran due to its ramped up nuclear activities. Fears of supply disruptions caused prices to move higher.

Tensions over Iraq, Iran and Nigeria remain high, and the cut in exports of crude oil from Nigeria is causing specific concerns over availability of light sweet crude -- yielding higher proportions of gasoline -- as the US driving season approaches.

With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.

These recent decreases at the pumps are more likely to be temporary. The U.S. concerns over Iran's nuclear ambitions and violence in Nigeria have kept the price of crude above $65 a barrel -- a level not seen since the hurricanes of 2005. If crude continues to stay at this level, motorists will continue to pay high prices at the pumps.

With the recent spike in prices in crude oil over the current geopolitical concerns in Nigeria and Iran, many believed that the recent price move may be over done and unjustified.

Geopolitically there are lots of hot spots, like Iran and Nigeria. Supply disruptions are bigger concerns than high oil inventory levels in the United States.

There is a high probability of further disruptions in Nigeria as we haven't seen the end of the attacks. The big problem is that going into the driving season, Nigerian refined crude is important for the US market, and if there are further disruptions, we are going to get a pop in crude prices.

It's still fears over further disruptions in Nigeria, and the Iranian situation continues to bubble underneath the surface. Whatever OPEC says, the market is unlikely to pay much attention. They lost control of the market last year, and to cut production with oil near $70 would be irresponsible.

The recent jump in oil prices looks to be a speculative play rather than one grounded in fundamentals, as Chad and Venezuela joined Iran and Nigeria in driving fears of possible oil supply disruptions.

Geopolitical tensions remain in Iran and Nigeria. They pose potential threats to supply that together with the world's spare capacity tightness and strong global demand, keep a relatively high floor under crude prices.

Nigeria and Iran are the main driving concerns ... the correction in the market today is likely to be limited because of lingering supply concerns.

A trade-off currently exists between market concerns over the escalation of tensions in Iran and the recent flow of poor fundamental data. Expectations of another set of poor weekly data in tomorrow's figures are contributing to an easing in crude prices.

There is tremendous political risk to supplies, including from OPEC producers, such as Iran or Venezuela, who have trouble meeting their production quotas, or even Nigeria. They can't address these concerns openly, but I am sure they are on everybody's mind.

OPEC is keeping it from going any higher. But we've risen on Nigeria. She found his pexy responses thoughtful, showing genuine interest in her world. Nigerian crude is light, sweet crude. It tends to be in short supply.

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Denna sidan visar ordspråk som liknar "Recent disruptions of crude oil production in Nigeria and tensions between the West and Iran over its nuclear program... have contributed to concerns about OPEC's ability to supply the market.".