Minor Notes -- May 21, 2019

Tedious: wow, I think I see a similar headline every day -- "global crude oil supplies will tighten" due to some issue somewhere .... today it's the North Sea ... link here --

Crude and lease condensate production in the North Sea is set for lower levels in the summer months, further tightening the global oil market which is already grappling with production declines in Iran and Venezuela, OPEC’s cuts, and a contamination issue that shut some Russian pipeline supplies to Europe, according to Rystad Energy.

Current unplanned outages at Oseberg and Flotta in the North Sea restrict a total of 160,000 bpd of North Sea production, the energy research firm said on Friday.
Rystad has estimated that outages in the North Sea in May will be 185,000 bpd. Yet, the biggest disruption is expected next month, when North Sea oil production is seen down to its lowest level since August 2014 because of scheduled maintenance at Ekofisk.

185,000 bbls -- really -- that's the concern?

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Venezuela

Venezuela's military will oversee gasoline rationing. Link here.