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Study: Global production outages may be strategic warnings
Oil and Gas Journal: Overseas crude oil production and transportation interruptions could be strategic warnings that are too important to ignore, a US Senate Energy and Natural Resources Committee minority staff report suggested.
Supply interruptions, which rose steadily in Iraq before ISIS seized Mosul in June, are occurring in many other countries, it said. Such unplanned oil production outages are not due solely to violence and instability, and can reflect natural disasters, production problems, and more benign causes, the Oct. 27 report conceded.
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