Analysts: Oil Prices Likely to Stay Low, Despite Massive Disruptions in Alberta, Nigeria, Elsewhere
SUGAR LAND--May 11, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--The ongoing wildfires in and around Alberta's oilfields are only one ingredient in a mixture of global issues that have brought global oil-production disruptions to more than 2.5 million barrels per day (BBL/d) since the beginning of the year, according to consultancy firm Energy Aspects (London, England). Nonetheless, oil prices have yet to go up and remain at low levels, according to CNBC. Within this article: Details on why analysts believe large-scale production problems in Alberta, Nigeria and other parts of the world are unlikely to have a long-term detrimental effect on commodity prices.
