You could be forgiven for missing this headline with all the attention placed on the meeting of oil ministers held September 23 in Algiers.

“Platts eyes changes in dated Brent crude price assessment,” Reuters reported.

These should be good times for oil producers.

Crude futures have stabilized around $70-$80 per barrel. Prices generally look high enough to make money, but not too high to cause demand destruction or invite megaprojects destined to flood the market for years to come.

The longer this Goldilocks scenario lasts the better for oilmen around the world.

The pipeline between the Cano Limon oil field in northeast Colombia and the Caribbean town of Covenas has been bombed repeatedly by leftist guerrillas for more than 30 years.

A fresh round of attacks that began last month blamed on the Marxist National Liberation Army (ELN) has occurred at a fragile moment in the country’s history.

The plunge in the Turkish lira has unnerved global investors, raised the cost of living for millions of ordinary citizens, and tested President Recep Erdogan’s ability to survive politically.

After years of heavy borrowing, Turkey’s economy faces a moment of reckoning as dollar-denominated debts come due. Traders have dumped the lira fearing the worst.

With only three months to go before the US cracks down on buyers of Iranian oil, questions remain about how effective unilateral sanctions will prove to be.

With the amount of crude in storage at Cushing, Oklahoma falling to multi-year lows, oil prices should be deep into bull market territory. Right?

Not exactly.