Geopolitical issues impact global energy markets

摘要

Tom Petrie,chairman of Petrie Partners,laid out the multitude of geopolitical dynamics that will impact global energy markets,noting that energy price volatility is unlikely to abate.Petrie discussed the implications of geopolitical world events on the oil and gas industry at the recent Executive Oil Conference.Petrie said that as the U.S.has increased its oil production-up to 12,800 barrels per day (bbl/d),according to the U.S.Energy Information Administration-and lessened its reliance on Saudi supply,Saudi supply has increasingly found an export market to China.Such a relationship,he explained,was indicative of the changing dynamics of energy supply partnerships around the world.