Platts Market Insight: Supply security risks back in focus as spare capacity declines


  • Energy
  • Wednesday, 01 Sep 2021

Mriganka Jaipuriyar

EVEN as the battle against COVID-19 continues, OPEC+ faces another uncertainty -- heightened supply security risks in its member countries Libya, Nigeria and Iraq and no sign of an Iran nuclear deal.

Add to that the shutdown of nearly 1.75 million b/d of crude oil production in the US Gulf of Mexico due to Hurricane Ida, and one can imagine the group flitting between reports on weather, geopolitics and demand-supply dynamics when it meets on September 1 to decide output policy.

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