- Organization of the Petroleum Exporting Countries (OPEC) has tried to keep world oil prices at its target level by setting an upper production limit on its members. read more...
- On the supply side, especially at the outer edge of existing production capacity, adding new capacity is time-consuming and expensive. read more...
- Refineries experiences operating difficulties
- Leakage in pipelines or other supply issues. read more...
- Lack of investment and expertise
- Refinery distillation and conversion capacity
Thursday, July 9, 2009
Forces Responsible For Shifts In Supply Of Petroleum
Following are the reasons that bring shifts in supply of Petroleum
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