The Big Picture

Attacks, seizures, shutdowns: a year of oil supply jolts

Reuters has dominated coverage of one of the most disruptive years on record for oil, the world’s biggest commodity market. The worst fears for many market participants materialized through attacks on oil tankers in the Middle East Gulf, an attack on the world’s largest oil processing facility in Saudi Arabia, the shutdown of a Russian pipeline essential to European oil supplies and U.S. sanctions that wiped millions of barrels of oil per day from global supplies. Reuters was first with numerous key newsbreaks and provided comprehensive coverage of the ramifications for people, governments, companies and global markets as these events jolted the oil industry throughout the year.