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Global supplies and networks make them easier to obtain.
With global supplies tight, geopolitics continue to play a big role in pushing up oil prices.
Global supplies are tight, and the hope for an improving global economy will only increase demand.
Washington has warned Beijing against trying to "lock up" global supplies.
For one, OPEC's main tool in managing global supplies — its production lever — is broken.
Global supplies could exceed demand by as much as 2m barrels a day in the first quarter, the agency said.
But in countries with subsidies, demand is still rising steeply, threatening to outstrip the growth in global supplies.
Global supplies are huge, and the cost of treatment using them would be less than a dollar.
Various people who know the oil industry have been worrying for several years that global supplies were running low.
China has been gobbling up American soybeans at a near-record pace, but new global supplies will soon provide competition.
Oil production has fallen by roughly one million barrels, representing a bit over 1 percent of global supplies.
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