RPT-COLUMN-High oil supply disruptions set stage for next slump: Kemp - Reuters

RPT-COLUMN-High oil supply disruptions set stage for next slump: Kemp - Reuters:

Global oil output is being hit by expanding U.S. sanctions and other unplanned disruptions which, in an echo of market conditions around five years ago, are pushing prices higher in the short term but also setting the stage for the next slump.

Unplanned factors reduced global production by 2.8 million barrels per day in March, down from 3.3 million bpd in February, but up from 1.8 million bpd a year earlier, according to the U.S. Energy Information Administration (EIA).

Disruptions among members of the Organization of the Petroleum Exporting Countries (OPEC) reached 2.49 million bpd in March, double the same month last year.