Post Tagged with: "Oil outages"

Political Conflict Drives Oil Outages to Highest Recorded Levels

Political Conflict Drives Oil Outages to Highest Recorded Levels

Oil outages take 3.6 MMBOPD off the market in May

Unplanned global oil supply disruptions reached their highest monthly level since 2011 when the EIA began tracking to what extent oil outages were affecting output. From April to May, disruptions …