Global oil prices are increasingly being driven by production problems and maintenance at a...

|By:, SA News Editor
Global oil prices are increasingly being driven by production problems and maintenance at a single, mid-sized field off the coast of Scotland. John Kemp says the susceptibility of Brent futures and global prices to output fluctuations from the Buzzard field - owned and operated by Nexen (NXY) with minority stakes by Suncor (SU) and others - suggests the current pricing system is not working properly.