BP: Record US Oil Growth Helps Tame Global Pricing

摘要

Despite growing market turmoil over Iraq, the crude oil price is at its most stable since the early 1970s, with record growth in US oil production offsetting major supply disruptions, most notably in North Africa and the Middle East, according to BP's Statistical Review of World Energy. Driven by tight oil plays, the US recorded its largest-ever annual rise in oil output for a second consecutive year, hoisting output by 1.1 million barrels per day--or around 13%--to 10 million b/d. That offset a cumulative 3 million b/d of supply disruptions since the start of the 2011 Arab Spring.