# Risk of oil supply disruptions can have an immediate effect on oil prices -
		U.S. Energy Information Administration (EIA)

> The EIA explains that crude supply disruptions, whether realized or expected, can move oil prices sharply and immediately. It uses the September 2019 Saudi Aramco attacks and the January 2020 military operations in Iraq as examples. Brent's price path differed because the Iraq operations did not disrupt supply.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: report · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/55266-risk-of-oil-supply-disruptions-can-have-an-immediate-effect-on-oil-prices-u-s
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The piece clarifies that geopolitical risk premiums fade quickly when supply is not actually lost. Buyers should expect energy prices to react sharply to headlines but revert if physical flows hold.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -8.1% | -21.6% |
| WTI | 2020-05-27 | [North American crude oil prices are closely, but not perfectly, connected -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/53304-north-american-crude-oil-prices-are-closely-but-not-perfectly-connected-u-s.md) | +6.6% | +16.8% |
| WTI | 2017-09-21 | [Changing quality mix is affecting crude oil price differentials and refining decisions -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/69127-changing-quality-mix-is-affecting-crude-oil-price-differentials-and-refining.md) | +3.6% | +3.4% |
| WTI | 2019-01-02 | [Energy commodity prices fell significantly in the last quarter of 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/61271-energy-commodity-prices-fell-significantly-in-the-last-quarter-of-2018-u-s.md) | +9.7% | +17.5% |
| WTI | 2022-04-19 | [EIA expects summer U.S. real gasoline and diesel prices to be the highest since 2014 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/8172-eia-expects-summer-u-s-real-gasoline-and-diesel-prices-to-be-the-highest-since.md) | -8.3% | +5.4% |
| BRENT | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -7.8% | -22.1% |
| BRENT | 2017-09-21 | [Changing quality mix is affecting crude oil price differentials and refining decisions -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/69127-changing-quality-mix-is-affecting-crude-oil-price-differentials-and-refining.md) | +2.8% | +2.4% |
| BRENT | 2017-03-10 | [Another type of crude oil to be included in calculation of the Brent price benchmark -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/72177-another-type-of-crude-oil-to-be-included-in-calculation-of-the-brent-price.md) | -0.5% | +5.5% |

## Sources

- eia.gov: https://www.eia.gov/TodayinEnergy/detail.php?id=42675

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.