War risk keeps oil soaring

摘要

Crude oil prices - the key determinant of jet fuel prices -are set to remain high despite easing demand growth and a "transformative" supply shock from surging North American production, as markets remain worried about geopolitical risk. According to International Energy Agency (IEA) head of oil An-toine Halff, the advent of North American alternative supplies -from Canadian tar sands and so-called "fracking" of oil-rich shale deposits - will be as transformative during the coming five years as the rise of Chinese demand has been over the past 15, but the risk to supplies is "real".