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The world refining system and the oil products trade

Abstract:

The principal feature of the “1990 oil price shock" is that it is a crisis not only of crude oil supplies but also of oil products. The invasion of Kuwait and the subsequent embargo of Iraq and Kuwait have resulted in the loss of between 4.5 and 5.16 mb/d of crude oil supplies (see OIES, The First Oil War, August 1990). In terms of actual product supplies the invasion of Kuwait has only removed between 650 and 750 thousand b/d of combined Kuwaiti and Iraqi export capacity. This represents aro...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies
Series:
OIES paper
Publication date:
1990-01-01
Paper number:
GWO2
ISBN:
0948061413
Language:
English
Keywords:
UUID:
uuid:a962fbcf-bf04-499a-8345-a40b57efebf5
Local pid:
ora:10246
Deposit date:
2015-02-27

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