The 'October surprise' that threatens to turn the oil market on its head
Unrelated dramas swirling around the OPEC states of Iran, Iraq, and Venezuela are coming to a head.Associated Press
By News on the Net -- Financial Post—— Bio and Archives--October 3, 2017
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Three geostrategic crises threaten to erupt in the petroleum world at the same time this month, raising the risk of a sudden loss of oil supply just as the global economic expansion drives up demand.
Unrelated dramas swirling around the OPEC states of Iran, Iraq, and Venezuela are coming to a head, potentially locking in 2 million barrels a day (b/d) of crude deliveries and profoundly altering the market mechanics.--- More...
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