SOURCE: Industrial Info Resources

Industrial Info Resources

April 18, 2011 06:30 ET

U.S. Refinery Margins and Project Spending Rise as World Oil Prices Reflect Middle East Uncertainties, a "Navigating the Currents of Change" Webcast on

SUGAR LAND, TX--(Marketwire - Apr 18, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- World oil prices soared after war-torn Libya stopped exporting crude oil last month, but prices could really skyrocket if political turmoil hits large oil exporters like Saudi Arabia, Iran or Nigeria, Andy Lipow, president of Lipow Oil Associates, said in an exclusive "Navigating the Currents of Change" interview.

Popular protests have roiled a number of countries in the Middle East and North Africa in recent months. Those protests halted Libya's estimated 2 million barrels per day (BBL/d) of oil exports, triggering heightened concerns about the potential for political unrest spreading to Saudi Arabia and interrupting the Kingdom's estimated 6.4 million BBL/d of oil exports.

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