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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. The most near-term supply risk comes from Iraq. Iran probably won’t pose a supply risk to the market, at least not this year. by Nick Cunningham for Oilprice.com. bank Citi said.
Learn more about the challenges and opportunities in optimising vaccine supply chains in developing countries such as Sierra Leone and Niger. The post Strategising vaccine supply chains in developing countries appeared first on Innovation News Network.
The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. That bodes well for a narrowing supply surplus—and ultimately a deficit—as well as falling inventories. It is unclear, at this point, how rising US supply and falling OPEC output will ultimately balance out.
In the Niger Delta, the pirates in armed speedboats attack tankers and work with militants in the delta's swamplands who steal around 150,000 barrels a day from oil installations or pipelines, around 5 percent of Nigeria's daily production. By 2015 the region is expected to be supplying 25 percent of U.S. oil imports.
suggests that the reduced flows in many cases are associated with climate change, and could potentially threaten future supplies of food and water. The research, led by scientists at the National Center for Atmospheric Research (NCAR) in Boulder, Colo., The research was supported by the National Science Foundation (NSF), NCAR’s sponsor.
Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. But the current production increases in Nigeria, Iraq and Libya, will most probably be temporary.
Similarly, having a distribution line (often illegally rigged) running to a dwelling tells us nothing about the usage of power or the reliability of its supply. Even South Africa, by far the best-supplied country south of the Sahara, suffers from frequent blackouts. What does 50 kWh/year deliver?
It is often better to fly in lifesaving supplies instead of loading trucks with supplies to bring them along roads that might not be passable anymore,” Fregene says. As part of the job, in Oghara, Nigeria, then a small fishing village along the Niger River, he collected fares and directed passengers on and off the bus.
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