World oil transit chokepoints critical to global energy security

International energy markets depend on reliable transport routes. About 63% (56.5 million barrels per day) of the world's oil production in 2013 moved on maritime routes. World chokepoints for maritime transit of

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OPEC decision disrupts Oil market balance: Deutsche Bank

OPEC decision throws the market balance into crisis most acutely in H1-2015 when seasonal demand is weak, according to report by Deutsche Bank.“In our view today’s decision throws the market balance into

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US port delays force shippers to look to the sky

Some shippers are resorting to air cargo to avoid delays from US West Coast port congestion. But what are the additional costs of these expensive diversions?The recent US West Coast port congestion

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OPEC decision undermines potential for price recovery

On 27th November 2014, OPEC held its bi-annual meeting in Vienna and has retained the current production ceiling of 30 million barrels a day (b/d) effective to its next meeting in 2015.

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