Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
A 50/50 oil market. Consumers around the world are now facing a “50/50 oil market,” according to Daniel Yergin, Chairman of Cambridge Energy Research Associates (CERA). “There is now a 50/50 probability that the price of oil will reach $50/bbl within the next 50 days,” he said.
A price spike to $50 would be likely to occur if one or more supply disruptions removes 500,000 to 750,000 bopd from the market for several weeks. This is possible because, “The world has one of the smallest cushions ever for absorbing a loss of supply, while demand growth is the strongest in a generation. These conditions mean the world oil market is even tighter now than it was during the 1973 oil crisis.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Houston, TX - November 4-5
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.