The geopolitical risks to oil supply, principally from events in the
Middle East and North Africa, are much better defined than a month ago and are
therefore less of a pricing variable, says Petromatrix.
"
Libya
has
been now written off the map of expectations, and
Syria
cannot develop into anything major for oil supply and demand," it says. Fears
that political unrest could spill over into
Saudi
Arabia
have receded as the situation
in
Bahrain
has
dropped from the headlines, it adds.