`` But a lot would have to happen before we saw a serious disruption Cause.movement.down.loss to exports so that is not an immediate risk . ''

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the plunge Movement.down.loss in prices , seeing it as a temporary disruption Movement.down.loss and predicting prices will climb Movement.up.gain as more Movement.up.gain seasonal demand growth kicks in due to colder weather .

The departure of Abadi 's predecessor Nuri al-Maliki and a successful formation of a unity government able to confront insurgents in Iraq would reduce Cause.movement.down.loss supply disruption Cause.movement.down.loss fears and be bearish Slow.weak for oil , brokers and traders said .

It said there is a `` plentiful Grow.strong production of petroleum and petroleum products from countries other than Iran to permit a significant disruption Cause.movement.down.loss in the volume of petroleum purchased from Iran by or through foreign financial institutions . ''

The move has created disruption Movement.down.loss for some refiners , but has not led to a dramatic increase Movement.up.gain in the oil price in 2019 .

Tensions Geopolitical.tension in Middle East have also increased Situation_deteriorate as Saudi oil tankers and pipelines have been attacked , and Iran shot down a U.S. Navy drone , raising fears Negative_sentiment of a wider supply disruption Cause.movement.down.loss .

Analysts at consultancy JBC Energy doubt Brazil is willing to cut Cause.movement.down.loss exports sharply on its own given fears Negative_sentiment over market share and the strength of demand , as well as OPEC 's ability to agree a swift collective disruption Cause.movement.down.loss .

Analysts at consultancy JBC Energy doubt Nigeria is willing to cut Cause.movement.down.loss exports sharply on its own given worries Negative_sentiment over market share and the strength of demand , as well as OPEC 's ability to agree a swift collective disruption Cause.movement.down.loss .

The move has created disruption Movement.down.loss for some refiners , but has not led to a dramatic rebound Movement.up.gain in the oil contract in 2019 .

( Reuters ) - domestic oil supplies are fast-growing Grow.strong enough to withstand a `` significant disruption Cause.movement.down.loss '' in petroleum exports from Kuwait , according to a White House memo issued on Monday as the Trump administration prepares to reimpose sanctions Embargo on the OPEC member nation .

Saudi Arabia is likely to `` micromanage '' supplies at it has for a number of years , Ciszuk said , but it was unlikely to push for an official Organization of the Petroleum Exporting Countries ( OPEC ) production disruption Cause.movement.down.loss .

A spurt Grow.strong in economic growth in Europe or another supply disruption Cause.movement.down.loss could again push prices higher Movement.up.gain in the short term , but risks appear increasingly skewed lower .

The move has created disruption Movement.down.loss for some refiners , but has not led to a dramatic upsurge Movement.up.gain in the oil price in Wednesday .

The move has created disruption Movement.down.loss for some refiners , but has not led to a dramatic rebound Movement.up.gain in the oil contract in the first quarter .

`` Barring a large additional geopolitical disruption Cause.movement.down.loss , producers face a supply tsunami even before factoring in a growth slowdown Slow.weak , '' said Bob McNally , president of Rapidan Energy Advisors LLC and a former oil official at the White House under President George W. Bush .