SOURCE: Industrial Info Resources

Industrial Info Resources

May 11, 2016 06:30 ET

Analysts: Oil Prices Likely to Stay Low, Despite Massive Disruptions in Alberta, Nigeria, Elsewhere, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - May 11, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The ongoing wildfires in and around Alberta's oilfields are only one ingredient in a mixture of global issues that have brought global oil-production disruptions to more than 2.5 million barrels per day (BBL/d) since the beginning of the year, according to consultancy firm Energy Aspects (London, England). Nonetheless, oil prices have yet to go up and remain at low levels, according to CNBC.

Within this article: Details on why analysts believe large-scale production problems in Alberta, Nigeria and other parts of the world are unlikely to have a long-term detrimental effect on commodity prices.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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